The Shareholders' Meeting of Kerakoll S.p.A., a B Corp-certified Benefit Company and a multinational company active in the construction industry, approved the figures of the consolidated financial statements for the year 2023.
Within an overall framework in which the Group's economic and income performance during the period was very positive, Kerakoll achieved consolidated revenues from sales of €774.1m, up 4% from 2022, when they stood at €744.4m.
Italy was confirmed as the most significant market for Kerakoll, with €458.4m in revenues realised in 2023, accounting for 59% of total revenues.
The Group confirmed the acceleration of its internationalisation path, recording an 11% increase in revenues in foreign countries, which amounted to €315.6m, or 41% of total revenues.
All the countries in which Kerakoll has a direct presence with production facilities showed significant growth in sales figures: in particular Spain (+7%), Portugal (+13%), Great Britain (+17%), Poland (+17%), Greece (+19%), Germany (+7%), France (+12%), India (+17%) and Brazil (+16%).
In terms of profitability, consolidated Gross Operating Margin showed an increase of +10.6%, rising from 122.8m in 2022 to 135.8m in 2023. Consolidated EBIT was €118.8m (+21.8% from €97.5m in the previous year).
Consolidated net income was €86m, showing substantial growth from €63.9m in 2022 (+34.5%). Net ROE was also up, rising from 15.8%.
Marco Zini, CEO of Kerakoll, said: “We are particularly pleased with the results achieved. These figures reflect not only the solidity of our growth model, centered on the creation of sustainable value, but above all the dedication and professionalism of the people who work in the Group.
“For the future, we want to continue on the path of international development and exploit the important untapped potential of the Italian market, reinforcing our commitment to promoting a corporate culture that puts people at the centre and ensuring that the wellbeing of our employees and local communities is always a priority, in line with the B Corp identity we have assumed since last year.”
