Annual Report 2020: STRUCTURAL GROWTH DRIVEN BY ECO-SUSTAINABLE INNOVATION

The Breganze-based company closes its 2020 accounts with a turnover of over 49 million euros, consolidating the growth trend of recent years, even in the annus horribilis of the global economy.

In the prestigious Palladium Hall of Palazzo Bonin Longare, headquarters of the Vicenza Industrial Association, took place today the presentation of the Annual Report 2020 of Faresin Industries. An important event for the Breganze company to share the results of the last financial year with the business community and stakeholders. 
 
The results for the 2020 financial year were only marginally affected by the spread of the pandemic, recording a 1.84% drop in revenues compared to the previous year. EBITDA in the 2020 financial year stood at 12.0% of revenue, compared to 10.3% in the previous year, mainly due to cost containment. The figures confirm the validity of the path taken to establish the brand through business integration and the Customer Centric approach, key elements of the "family business" philosophy that guides Faresin's strategies. 
 
"The structural growth of Faresin Industries continues in terms of industrial capacity and market presence - comments President Sante Faresin. - Growth driven by sustainable innovation, as demonstrated by the international success of our full-electric lift, the first in the world to be industrialized and marketed. Over the next eight years we will invest another 50 million Euros in R&D and industrial processes with the aim of doubling production and offering an increasingly eco-sustainable product range. "
 
The key factor that gives solidity to the growth is the Faresin industrial system that involves Marketing-Sales, R&D and Operations in a single integrated process characterized by the sharing of objectives and a short and flexible decision-making line. 
 
In addition, Faresin Industries has continued to push hard on a fundamental component of growth: digital transformation, aimed at simplifying processes and raising the technological profile of customer relations. 
 
In this very special year, the corporate team was another strategic success factor, starting with the collective and responsible response to the health emergency, which made it possible to ensure continuity of production and manage supply chain difficulties. At the same time, great importance was attached to the constant growth of skills, with a series of qualifying training courses offered to the entire organisation: employees, the sales network and partners. 
 
Despite the fact that 2020 was a difficult year for the world economy, the results obtained provide a positive outlook on the future, thanks to the structural solidity and responsiveness that Faresin Industries has shown in the face of difficult and unexpected challenges.
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