Revenue at €87.5 million in Q1 2024

The Board of Directors of Somec S.p.A. reviewed and approved the unaudited consolidated revenue concerning the consolidated revenue as of 31 March 2024.

In the first quarter of the year, Somec Group recorded a turnover of €87.5 million, marking a 1.0% increase compared to the same period of the previous year.

“The quarter’s revenue once again confirms the resilience of our turnover and the solidity of our business choices,” states Oscar Marchetto, Chairman of Somec. “The better than expected performance of the Horizons division, thanks to the dynamism of the US civil sector and naval refitting, has fully offset the decline in revenue from Talenta, caused by different timing in the execution of some projects, which is expected to be recovered during the fiscal year. I am also very pleased with the continuous growth of the Mestieri division, which once again demonstrates the constant demand for high Italian craftsmanship worldwide”.