(Finance) – The Board of Directors of Marzocchi Pumpsa leading company in the design, production and marketing of high-performance gear pumps and motors, which met on 24 July 2024 and concluded late in the evening, approved the preliminary consolidated data for the first half of 2024, which confirm the revenue drop expectedmainly due to the slowdown in the industrial sector observed in 2024 on global markets, particularly in the automotive market.
THE consolidated net revenues amount to a total of 22 million eurosdown 17.3% compared to the first half of 2023, equal to 26.6 million euros, and down 4.8% compared to the second half of 2023; this decline is in line with the trend of the sector.
The consolidated sales results for the first half of 2024 are affected by a general slowdown in European and American industry, with particular reference to the automotive sector, which saw a 33.8% drop in volumes, going from €5.3 million in the first half of 2023 to the current €3.5 million in this first half of 2024.
Even the Core Business Sector suffered a decline, although to a lesser extent than the automotive sector, with sales of 18.5 million euros compared to 21.3 million euros in the first half of 2023 (-13.1%), but with a +1.2% compared to the second half of 2023.
At the level of geographic areaa slight growth of the Italian market is observed, rising to 29%, while the export share stands at 71%, substantially unchanged compared to the whole of 2023 (71.6%).
L’financial debt net rose to €7.0 million, up 32.10% compared to 31 December 2023 (€5.3 million) due to investments in progress, mainly related to the expansion of the production spaces at the Zola Predosa site. At 30 June 2023, the same item amounted to €8.3 million.
The complete and final consolidated data relating to the first half of 2024 will be examined and approved by the Board of Directors during the meeting on 27 September 2024.