Franchi Umberto Marmi S.p.A., a global leader in the processing and marketing of Carrara marble, has reached a historic milestone in 2024, recording an all-time high in turnover. This achievement reflects the company’s strategic initiatives and its ability to capitalize on opportunities in international markets.
Financial Performance Overview
As of December 31, 2024, Franchi Umberto Marmi reported total Preliminary Consolidated Revenues of €79.8 million, an 8% increase compared to the €73.9 million recorded in 2023. The primary driver behind this growth was the remarkable sales performance in North America and Australia.
- EMEA Region: Preliminary Consolidated Revenues reached €42.8 million, a 6% decline from the previous year. The region remains a key market, representing 54% of total revenues.
- Italy: Revenue increased slightly to €30 million from €29.5 million in 2023, maintaining its status as the company’s largest geographical market with a 38% share of total revenues.
- North America: The region recorded an impressive 64% increase, reaching €15.3 million, up from €9.3 million in 2023. It now accounts for 19% of total revenues.
- Asia: Revenues declined to €14.9 million, down from €16.2 million in 2023.
- Australia: A standout performer, Australia recorded a 223% increase in revenues, rising from €1.7 million in 2023 to €5.5 million in 2024, now contributing 7% to the company’s total revenues.
- Africa: Revenue increased by 52%, reaching approximately €0.9 million.
- South America: Revenues declined by 37%, totaling €0.5 million. Together, Africa and South America represent 2% of total revenues.
Strategic Outlook for 2025
Franchi Umberto Marmi remains optimistic about its continued expansion, particularly in North America and Australia. Additionally, the company is closely monitoring emerging opportunities in the Gulf countries, with a particular focus on Saudi Arabia, where significant development projects offer strategic potential.
A key driver of Franchi Umberto Marmi’s sustained success is its commitment to quality and sustainability, which have been seamlessly integrated into its business model. These values, combined with the company’s ability to adapt to market challenges, will enable further consolidation of its global leadership position.
The company’s Board of Directors is scheduled to meet on March 27, 2025, to approve the final financial statements and consolidated financial data as of December 31, 2024.
Franchi Umberto Marmi’s strong financial performance and forward-thinking strategies reaffirm its status as a market leader, positioning the company for sustained growth and expansion in the years ahead.
Alberto Franchi, Chairman and CEO of the Company, commented: “2024 was a year of significant growth for Franchi Umberto Marmi, recording a historical record in terms of turnover. This is an important milestone and it is the result of targeted strategies and the ability of our team to seize valid opportunities in international markets. We are particularly pleased with the exceptional performance recorded in North America and Australia, both representing an increasingly noteworthy part of our portfolio, demonstrating the validity of our global expansion approach, which also involves an external growth strategy. In EMEA and Asia, we have maintained our leadership; I would like to underline that we are working in these areas to strengthen our presence, adapting to market dynamics and customer needs. We expect to continue to benefit from growth in the North American and Australian markets. At the same time, we continue to closely monitor the significant development projects in the Gulf countries, particularly in Saudi Arabia, which represent a strategic opportunity for us. Therefore, we look ahead with optimism, aware that our ability to seize new challenges, the quality of our products and the attention to sustainability, which we have turned into a true business model over the years, will allow us to further strengthen and consolidate our position at a global level.
