(Finance) – Industrial seriesa company listed on Euronext Milan and operating in the plastics and electrical accumulators sector, expects by 2022 to “achieve the goals we have set for ourselves and above all to starting with these great projects that will change the skin and the dimension of our company. “He told Finance Marco Civitillo, Head of Investor Relations of the company, on the sidelines of the Investor Conference “Mid & Small in London 2022”, organized by Virgilio IR e Mediobanca. The reference is to the plans for the development of the Teverola gigafactories, i.e. plants for the production of lithium battery cells and modules, components that are increasingly essential for a greener and more electrified economy.
“The 2021 was a pivotal year because we have recovered everything that happened during 2020 due to the pandemic – explained Civitillo – We recorded revenues of 177 million euros, up 32% compared to 2020 and up 13% compared to 2019, therefore demonstrating that we have recovered what we had lost in 2020 and we have also grown since the pre-pandemic period. There has therefore been a general recovery in market demand, pending our major projects in the world of lithium batteries in Teverola and also in the recycling of plastics with the joint venture of Unilever“.
An important step for the company is the fact that on 9 March the green light of the MISE arrived for the financing of the gigafactory Teverola 2. “This financing has finally arrived, a non-repayable grant that will come from the ministry of economic development – has said the manager – We thank the government for this support, we have received a loan of approximately 417 million euros, therefore a fundamental step for us. signature of the supply contract for plant and machinery; we already have a usable industrial area with the building already ready and all the infrastructures already built. Now it will be necessary to work with the technology suppliers in order to install the plants by the end of 2023. So we have a project of extreme interest and of extreme European significance and this funding will surely give us a great a great deal of support. “
The Head of IR is not too worried about the difficult macroeconomic and geopolitical context: “We we can certainly pass these cost increases onto our priceswe have a business model that is fully integrated into the value chain of recycled plastics and batteries, and therefore this business model allows us to manage our supply chain internally, especially with recycled materials that are environmentally friendly. In general it is certainly a very particular and very complex historical moment. We certainly expect some tension on the markets, but on our side we do not expect major impacts on the business precisely because of our specific business model which involves the use of recycled raw materials and above all the transfer of these cost increases on average prices. of sales that we give to our customers “.