100 %
Continuous casting
100 %
enviromental
sustainability
For over
40 years
in the service
of customers
liquid
aluminum
supply
innovation for the
automotive industry
innovation for the
white-goods
100 %
recycled aluminium
innovation for
lighting
innovation for
building
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SILMAR GROUP’S FINANCIAL STATEMENT 2023

July 24, 2024

FIGURES

Silmar Group is a diversified and highly synergistic company, operating worldwide with thirty production sites in more than one hundred markets.

The companies of the group are leaders in the sectors of heating  (Fondital), aluminium alloys from recycling (Raffmetal); planning and implementation of systems for the heating of water and the recycling of plastics (Valsir and its subsidiaries and shareholdings in Italy and abroad), and in the passive fire protection and electroplating (Marvon).

Over the last three years, the companies of the group have reached an amount of 286,893,000 € concerning investments.

    2021 2022 2023
TURNOVER 1.217.250.000 1.515.810.000 1.415.370.000
INVESTMENTS 62.973.000 117.728.000 106.677.000
MOL/EBITDA 174.641.000 199.522.000 179.431.000
AMORTISATION 60.512.000 56.839.000 62.869.000
NET PROFIT 85.376.000 104.057.000 90.274.000
CASH FLOW 145.890.000 169.280.000 153.142.000
WORKERS (total) 3.548 3.651 3.565

Italy

1.978 2.117 2.163

Abroad

1.570 1.534 1.402

Aggregated Data


All of the companies of the group have a structured sustainability path, which has allowed to meet the European guidelines and effectively meet the needs of stakeholders in the following areas according to ESG criteria.

The group invests significant resources in the well-being and continuous training of its employees through structured social plans and work-life balance services and private life. It also supports initiatives for the social responsibility of companies, which are aimed at promoting sports, cultural, religious, artistic and health development of the area of Brescia and province, with special focus on the young local generation. The Group’s business plan includes significant investments in renewable energy with the goal of becoming climate neutral by 2050. 

SILMAR GROUP: Development expectations 2024

In the first half of 2024, the global economy slowed down significantly, influenced mainly by increasing geopolitical instability. In this complex situation, the Silmar Group continues to pursue its investment plan, which includes initiatives for continuous improvement of sustainability in terms of economy, energy and production.

In this economic frame, which is constantly changing, adaptability and the acquisition of new skills are a top priority. This is why the companies of the group acknowledges the crucial importance of continuous training of their employees.

In the context of the approval of the consolidated financial statements, it was decided not only to renew the Board of Directors of the Silmar Group, but also to confirm all of the members of the Niboli family and further strengthening their continuity and operational presence in every company of the group.





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