Cefla is happy to declare their solid economic results, asset-related and financial growth, and strategic investments in innovation and sustainability confirm the Group’s leadership.
The Business Units reaffirm their operational solidity and sharp focus on technological innovation. During the Shareholders’ Meeting held on in May, the results of the Consolidated Financial Statements up to 31st December 2024 were announced. These highlighted a significant equity-related reinforcement and a record Overall Net Profit for the Cefla Group, touching 69.5 million euros, up 5.1% compared to the 66.2 million of the previous year. This increase was mainly driven by a doubling of financial income from equity investments thanks to significant growth in the market value of direct and indirect investments in Unipol Assicurazioni SpA.
The Group’s equity-related solidity was widely reconfirmed in 2024: Net Equity reached 599 million euros, an exceptional increase of 49% compared to the 403 million recorded at the end of 2023. The Group’s Net Financial Position also attained a record-breaking positive balance of 113 million euros, an increase of 52% compared to the 74 million of 2023. This excellent result stemmed from the liquidity generated by operational management and more efficient control of working capital.
Revenues settled at 666 million euros, a slight decrease of 2.7% compared to the 685 million of the previous year, reflecting a generalized downturn with the exception of Europe (excluding Italy)
Key future-focused strategies: In 2024, Cefla invested 15.2 million euros in Research and Development programs. These focused on innovation, functional and aesthetic product improvement, design and creation of software, expansion of the product range, re-engineering of processes, digitalisation and exploration of new businesses.
Cefla operates as several different Business Units that, while active in different contexts and environments, nonetheless share the same key goals. The Finishing BU improved its sales budget thanks to high global demand for advanced technologies and sustainable solutions, despite operating on markets heavily undermined by inflation and customs duties.
Gianmaria Balducci, President of the Cefla Group, stated: “2024 was a very satisfactory year: we posted the highest net profit in our history and significantly strengthened our equity-related and financial
position. These results are the fruit of a cooperative model – which allows us to create value over time and ensure further development for future generations – together with a proactive approach to change
and the continuous quest for improvement. Complete dedication on the part of all our partners and members played a pivotal role in helping us navigate a complex macroeconomic scenario; it also underscored the Group’s resilience and strategic vision. I’d like to take this opportunity to extend my best wishes to the new Board of Directors – Claudio Fedrigo, Cristian Pungetti, Yuri Della Godenza and Valeria Gardi – elected on 23rd May: they’ll have the task of guiding Cefla towards equally significant future goals.”
Paolo Bussolari, CEO of the Cefla Group, added: “Despite heavy investment, operational management remained at satisfactory levels, demonstrating our Business Units’ adaptability and efficiency. We’ve continued to invest unwaveringly in Research and Development, with 15.2 million euros earmarked for product and process innovation. This commitment is crucial to maintaining our technological leadership, successfully addressing future challenges and pursuing customer satisfaction through excellence and continuous innovation.”
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