Annual report of 2017 by Faresin Industries: double-digit recovery

The Breganze company closes the 2017 financial statements with a + 23% turnover compared to 2016 in line with the Business Plan in 2020.
The presentation of the Annual Report 2017 by Faresin Industries was held in the prestigious setting of the Vicenza Industrial Association.

An important appointment for the company which, as has been customary for years, shares the results of its financial performance with the financial community and with the Stakeholders.
"This year, in a particular way, we are proud to publish the figures for double-digit growth - commented President Sante Faresin - which brings us back to the positive trends preceding the global milk crisis which - between 2015 and 2016 - has bent an entire sector with important fallouts also on the main market of reference of Faresin Industries, producer of mixers for livestock and telehandlers for agricultural and industrial use ".

In the entrepreneurial DNA of the president and founder of the company of Breganze and of the daughters Silvia and Giulia who support him in the management of the company, there is a sense of the considered challenge: we do not close, faced with difficulties, but we invest for remain at the top of the market, thus safeguarding a priceless heritage of technological know-how.

Faresin Industries has done so: it has invested in research (about 5% of annual turnover) thanks to its close ties with the university world, in advanced technology applied to machines, in the constant training of employees. All this without ever losing sight of the market and the precious inputs that come from customers, located all over the world (the company makes 89% of its turnover with exports), to offer products that meet the real needs of the 'user.
This courageous and open approach has meant that in 2017 the company recorded a 23% increase in turnover compared to 2016, a result that reports Faresin Industries to the usual trend before the crisis.
Today's meeting was not just about the results achieved and the strategies implemented, but also about future projects: from the Digital Transformation to be more and more reactive and interconnected to the internationalization push towards distant markets, from product innovation to continuous R & D investments. "This push towards the outside and the future is not without roots: the link between Faresin Industries and the territory of Breganze remains as close as ever is the memory of our origins - says Silvia Faresin, Vice President of the company - For this reason among the future projects we also see the creation of a Faresin Foundation, an interactive museum space for training purposes, constantly updated and enriched, which will gather the story of Faresin Industries and its link with the community and its strong industrial history ".