FRANCHI UMBERTO MARMI/ Net profit drops to €11.3 million in 2024, revenues increase to €81.7 million from €74.7 million

Franchi Umberto Marmi closed 2024 with a positive balance sheet, recording an increase in revenues but a decline in net profit compared to the previous year. The company, a leader in the processing and commercialization of Carrara marble, reached €81.7 million, up from €74.7 million in 2023, marking a 9.4% increase. However, net profit stood at €11.3 million, down from €13.0 million in 2023, reflecting a 13% decline. The company experienced substantial expansion in North America and Australia, two strategic markets that drove overall growth. Revenues in North America reached €15.3 million, while in Australia they amounted to €5.5 million. Conversely, the Asian market saw a slight contraction, with revenues decreasing by 7.7% compared to the previous year, settling at €14.9 million. The EMEA region maintained its leadership position with stable results, while Italy remained the primary reference market, contributing 37.6% of total revenue. The company's EBITDA reached €25.3 million, up from €23.9 million in 2023 (+5.8%), with an EBITDA margin of 30.9%, slightly down from 31.9% the previous year. This marginal decline was attributed to the impact of recent acquisitions, which expanded the company's operational scope but with slightly lower margins compared to the traditional core business. Another key financial element was the increase in net financial debt, which reached €33.7 million as of December 31, 2024, compared to €29.4 million the previous year. This increase was mainly due to real estate investments made by subsidiaries and the payment of dividends, which resulted in an outflow of €5.2 million.

Chairman and CEO Alberto Franchi commented on the results, emphasizing that 2024 was a year of significant growth for the company, marking a historic record in terms of revenue. He also highlighted the effectiveness of the international expansion strategy, which allowed the company to seize essential opportunities in foreign markets. However, he acknowledged the complexity of the global context and the need to continue adapting to market dynamics to strengthen the company's international presence further. The company plans to continue its growth path, focusing on synergies generated by recent acquisitions and expansion in strategic areas such as Australia. Despite uncertainties in the international landscape, Franchi Umberto Marmi remains optimistic about its development prospects, relying on the quality of its products and a business model increasingly focused on sustainability.