(Finance) – Franchi Umberto Marmia company active in the processing and marketing of Carrara marble and listed on Euronext Growth Milan, closed on first quarter of 2022 with revenues equal to 21.1 million euros, up 27% compared to 16.5 million euros in the same period of the previous year, with a significant contribution from sales in Saudi Arabia, the United States and Italy. “The result is particularly important because it comes after having recorded a record turnover in 2021, the company’s historic result – commented CEO Alberto Franchi – The further growth of 27% achieved in the first three months of 2022, demonstrates a consolidated trend that allows us to look to the future with optimism“.
Sales made in Saudi Arabia amounted to € 2.9 million (+ 460% compared to the same period of 2021 and equal to 14% of total sales for the period) and those in China equal to 3.2 million euros (+ 19% and an incidence of 15% on total revenues). In strong expansion the United States, in which there was an increase of 85% to 1.5 million euros. Sales in Italy recorded an increase of 31% to 11.8 million euros (56% of total revenues).
“The results achieved are the result of important projects acquired in Saudi Arabia, Qatar, China and the United States, proving that if on the one hand China and the USA are the main international markets for the company, on the other hand the success of the marble of Carrara globally is what we are every year able to identify and develop new projects on which to leverage to support our growth “, underlined the CEO.
Among the main products sold, marble Calacatta it recorded sales of 6.9 million euros in the first quarter of 2022, with a growth of + 21% and achieving 33% of total sales. The company speaks of “the extraordinary result of marble Statuary“, which with 5.7 million euros reached at 31 March 2022 represents 27% of total sales, up 110%. Calacatta and Statuario represent 60% of total sales in the first quarter of 2022, compared to 55% in the same period of 2021; this, it is explained, confirms the positioning strategy of Franchi Umberto Marmi sui products with high added value as an important driver of success on international markets.