Franchi Umberto Marmi S.p.A., international leading company in the sector of processing and marketing of Carrara marble, listed on the Euronext Growth Milan market, announces that the total consolidated revenues as of December 31, 2023 amounted to Euro 73.9 million, down 2.5% compared to the same period of the previous year.
Specifically, consolidated revenues in the EMEA area reached Euro 45.4 million as of December 31, 2023, almost unchanged compared to the same period of 2022, consolidating 61.4% of Total revenues for the year. In particular, Italy is still the first geographical destination contributing 39.9% of revenues for the year.
The value of sales made in Asia during 2023 amounted to Euro 16.2 million, down compared to Euro 20.1 million recorded in the same period of 2022, which had benefited from an extraordinary project characterised by exceptional capacity. The result achieved is particularly noteworthy considering that the region is consistently the second largest geographic destination for products sold by the company. Further contractions were observed in the African market, decreasing by 22.0% and with sales of approximately Euro 0.6 million in 2023.
The meaningful results achieved on markets such as North America (characterised by consolidated revenues that reached Euro 9.3 million), Australia (consolidated revenues of Euro 1.7 million) and South America (consolidated revenues of Euro 0.7 million) partially compensated the decrease occurred in the Asian market.
Alberto Franchi Chairman and CEO of the Company commented: “The sales result achieved during 2023 confirms a period of growth that has seen Franchi Umberto Marmi double its revenues in the last 9 years. This year, for the first time, we are consolidating the results of some of the companies acquired as part of our growth strategy, both along internal lines in various markets with FUM typical products and along external lines, allowing us to extend the Group’s scope through its expansion into new activities (such as, for example, block repair) and new products.
We continue to invest in the Group’s commercial development and I am pleased to announce that from this year, our company will directly participate to the ‘Stone & Surface’ trade fair in Riyadh, Saudi Arabia, which together with the ‘China Xiamen International Stone’ fair and ‘Marmomac’ in Verona have now become the global benchmarks for our industry.
In a complex international scenario, such as the current one, we believe that in the medium term our distinctive positioning characterised by the focus on high-end Carrara marble and the sustainable development policies linked to the best practices that take into account the environmental impact of products (LCA – Life Cycle Assessment) will be successful and will allow us to intercept the large iconic projects that will be carried out in the next few years in the various areas of great development such as India and the Middle East”.
