During the Shareholders’ Meeting of last 27th May, the Group’s Financial Statements were approved for 2021 – a year characterised by critical issues related to the macro-economic and global health scenario, as well as by market volatility and instability. Cefla Group achieved consolidated economic results with an EBITDA figure that reached 69 million euro and a total net profit of 50 million.
The consolidated financial statements as at 31st December 2021 feature a markedly upward trend, reporting revenues for 574 million euro and a generalised growth in all geographical areas, and particularly in Europe. The Net Equity total figure stands at 308 million, with a 14% increase on 2020. The Group’s Net Financial Position on the year’s closing date recorded a positive balance of 99 million euro, a further significant improvement compared to the plus balance figure of 55 million at the end of 2020.
These results were achieved in a global macroeconomic scenario that saw the Italian economy make a considerable recovery in the second and third quarters of 2021. The effects of the resurgence of the pandemic and tensions in global supply chains weighed on global economy in the fourth quarter of 2021 and in the first of 2022.
Despite macro-economic uncertainty, activities in the field of R&D, innovation, expansion of the product range, digitization and exploration of new initiatives were nonetheless developed – both to the advantage of the more industrially-oriented Business Units (Medical Equipment, Finishing and Lighting), and to the benefit of the Engineering Business Unit for a total amount of 9.4 million euro.
During the meeting, the existing Board of Directors was also confirmed in office for the next three years with Mr Gianmaria Balducci as President, Mr Claudio Fedrigo as Vice President, and Mr Yuri Della Godenza, Mr Nevio Pelliconi and Mr Cristian Pungetti as Directors.
“The Board of Directors and the General Management wish to thank all the People at Cefla who, with their daily work, have made it possible to achieve these excellent results, despite the uncertainty and difficulties of the last two years.” declared the President Gianmaria Balducci.