(Tiper Stock Exchange) – The SIMEST shareholders’ meeting (CDP Group), which met today under the chairmanship of Pasquale Salzanoapproved the Financial statements as at 31 December 2022. The Company headed by Queen Corradini D’Arienzo, during 2022, he confirmed his role a support for the internationalization of companies Italian companies, also in the context of the complex economic situation.
Through the own resources and the use of facilitation tools managed in agreement with the Ministry of Foreign Affairs and International Cooperation, SIMEST has mobilized resources for 1.7 billion eurosmaking the necessary liquidity available to companies activate investments for 2.1 billion euros in 89 countries around the world, with a 400% increase compared to the pre-Covid period. Around 4,000 companies were served, of which 96% were SMEs, with a significant component (40%) coming from Southern Italy.
To rely on Fund 394/81, managed in agreement with the Ministry of Foreign Affairs,, have been total financing activated facilitated for 512 million of Euro. Among the tools available to Italian companies, the new “Ukraine export” and “Ukraine import” operations were introduced in order to support SMEs and Mid Caps affected by the effects of the crisis in Ukraine.
Based on resources PNRR-NextGenerationEUclosely connected to the digital and ecological transition, have been allocated resources for 1.2 billion of Euro.
Relative to equity loansoperations have been carried out entry into the capital of companies for 133 million euros, of which: 70 million euros from own resources, 33 million euros from resources of the Venture Capital Fund – managed under an agreement with the Ministry of Foreign Affairs – and 31 million euros relating to interest subsidies. These operations have allowed the companies served to activate investments for 490 million euros in 13 countries around the world, with a leverage effect of around 4 times the resources committed.
The operation of the Venture Capital Fund has been expanded in support of the internationalization processes of start-ups and innovative SMEs, with the destination of 200 million euros of which 25% for operations of direct co-investment with CDP Venture Capital Sgr and 75% for the subscription of the International Fund of Funds managed by CDP Venture Capital Sgr.
Through the tools of Buyer Credit and Supplier Credit to rely on Fund 295/73 – managed in agreement with the Ministry of Foreign Affairs and International Cooperation – operations of export support for over 500 million of Euro.
The Company ended the year with a gross profit of approximately 4.5 million eurosconfirming its financial solidity with a net equity of 310 million euros.