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Despite the global context seriously affected by the Covid-19 pandemic, the results achieved in 2020 show Rimadesio’s solidity and strong ability to react.
Data have also been affected by 6 weeks of production stoppage and an uneven reopening of the distribution channels.
With the closure of first half 2021 turnover at 34.8 million euros, the company sets an exceptional recovery of sales volume. This is the best half-yearly result ever, achieved thanks to the increase in the export share which reached 64%: France, Switzerland, Germany, and the United Kingdom prove to be the fastest growing European markets. Outside the Union, Russia and the United States record extremely significant performances. Italy stands at 36%, confirming its position as leading market.
The 2020 operating EBIT result settles to 6.6 million euros. In addition to the reduction in revenues, the value is affected by the purchase and the update of the production structure: highly computerized machinery connected to the company’s network, introduced with the aim of further increasing the level of automation of the production cycle.
The investments, made despite the difficult economic situation, underline the strategic coherence adopted by the company.
EBIT – Earnings Before Interest and Taxes – is the result of the company’s operating performance from which the costs for depreciation and provisions are deducted. It indicates the income created by the company during its normal activity, also considering the impact of investments in capital goods or assets.
The EBITDA achieved in 2020 underlines the careful management of the operating costs, kept under control by the Company despite the drop in sales due to the Covid-19 emergency.
The value also considers the significant investments in human resources: Rimadesio has recorded an increase in staff of +20 units, hired to reinforce the production departments, the R&D unit, and the offices.
EBITDA – Earnings Before Interest, Taxes, Depreciation and Amortization – is the metric used of the company’s operating performance and indicates, whether it is able to generate income in its normal activity, without considering investments and extraordinary, financial and tax.
Considering the new regulatory framework defined by Law Decree No. 231/2001, which defines the concept of Corporate Administrative Responsibility, the Board of Directors of Rimadesio has approved the Governance and Control Manual that contains the Ethical Code of Conduct and the Organisational Rules applied inside the company. By adopting the Code of Conduct, Rimadesio confirms that its guiding principle for all activities performed is compliance with the law and with all regulations, both Italian and foreign, in a framework of integrity and fairness. The Code defines ethical values that are common both to the company Rimadesio’s strategic decisions and to all its personnel in terms of individual responsibility.