The shareholders’ meeting of Kerakoll, a B Corp-certified Benefit Company and a multinational 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 said to be very positive, the company reportedly achieved consolidated revenues from sales of €774.1m (£656m), up 4% from 2022, when they stood at €744.4m (£631m).
Italy was confirmed as the most significant market for Kerakoll, with €458.4m (£387.9m) 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 (£267.1m), or 41% of total revenues.
All the countries in which Kerakoll has a direct presence with production facilities reportedly 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 (£103.9m) in 2022 to €135.8m (£114.9m) in 2023. Consolidated EBIT was €118.8m (£100.5m) (+21.8% from the previous year).
Consolidated net income was €86m (£72.7m), showing 34.5% growth from 2022. Net ROE was also up, rising from 15.8%.
“We are particularly pleased with the results achieved,” commented Marco Zini, CEO of Kerakoll. “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,” Zini continued, “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 center and ensuring that the well-being of our employees and local communities is always a priority, in line with the B Corp identity we have assumed since last year.”
