Oldrati Group ends 2022 at 180 million. 7% growth expected in 2023 thanks to significant investments

1 February 2023
Staff
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With aggregate 2022 turnover of 180 million euros, Oldrati once again confirms itself as a company in continuous evolution: out of the total Group turnover, manufacturing stands out (+22% compared to 2021), other sectors stable.

2022 has just end and Oldrati Group – one of the most important international groups in the production of rubber, plastic and silicone products – has been able to cope with rising electricity costs and raw material shortages in the best possible way, closing at breakeven at the aggregate level, with sales of about 180 million.

The past months have shown particular dynamism, especially for the three main outlet sectors: manufacturing, automotive and household appliances. In manufacturing, there was a 22% year-on-year growth, thanks to progressive diversification and product expansion.

In home appliances, on the other hand, Oldrati Group recorded a technical decline of 3% compared to 2021, a boom year for this sector with +25% of Oldrati sales and +18% for the sector as a whole, according to APPLIA*.

In the automotive sector, on the other hand, stability was achieved in sales compared to 2021, despite there being a 4.6% reduction in registrations according to UNIRAE**.

The other segments denoted continuity in turnovers.

These results are under the banner of a particularly challenging 2022 that has tested the polymer processing sector. In the first part of the year, there was a shortage of some raw materials and thus a sharp increase in their cost, as a result of which it was impossible to meet all customer demands. Starting in the summer, in addition, there was an increase in energy costs, which greatly impacted an energy-intensive entity such as the Oldrati Group.

Oldrati has been able to cope with these situations in the best possible way thanks to its partnership with its customers. In fact, as Manuel Oldrati, CEO of Oldrati Group, said, “From 2023 we expect great results with a 7 percent growth in turnover: we will continue to push business growth thanks also to the completion of the new plant in Adro, destined to strengthen the High Tech Polymers Division. The increased capacities will allow us to improve our customer service. Always with the idea of forging a strong relationship with our partners, in 2022 we have increased human resources in technical and commercial areas in the order of 20 percent. Undoubtedly, the rising costs of raw materials and electricity still remain the most critical point we will have to deal with in this new year.”