Our Group has seen remarkable progress on our strategic journey to become an end-to-end logistics diversified group.
We’ve remained committed to our strategy and achieved exceptional results, expanding our portfolio of financial partners, securing our growth credit lines and healthy retained earnings.
Recently, we’ve engaged in successful M&A activities across different markets. The synergies between our operational and financial teams, as well as our companies and stakeholders, is a testament to our Group culture, which permeates both within and outside our organization.
We acknowledge the challenges of the evolving geopolitical environment. However, our diversified activities and adaptability position us to react promptly to our customers’ needs. We remain confident that our financial results will stay on track, thanks to our flexible approach and robust accounting and credit management systems.
Looking ahead, we are excited about the future, as we continue to evolve and set new standards in our industry. Our focus on transparency, sustainability, and financial excellence guides our journey at the crossroads of strategic decision and forward-thinking actions.
We are committed to shaping a future that reflects our dedication to business and financial excellence, inspiring trust and making a positive impact on the environment and society.
At Fratelli Cosulich Group, we are always sailing towards new horizons, driven by our unwavering commitment to success and the values that define us.
"Our Group strides towards becoming a diversified logistics force. Through successful M&A ventures, we prioritize values and strong partnerships. The synergy among teams and shareholders reflects our 'WE as a Group' ethos. Despite geopolitical challenges, our adaptability ensures swift customer response, maintaining confidence in our financial performance. Focusing on transparency, sustainability, and financial excellence, we chart our future path, eager for new horizons. At Fratelli Cosulich Group, our unwavering commitment to success propels us forward, guided by our defining values."
Finance details
Despite the challenges, the Group Net Result was €30.2 million, a 42% decrease from our best-ever year result, but resulting in our second-best year ever yet.
Our turnover, at €1.9 billion, saw a 14% decrease, and our EBITDA, at €49.9 million, showed a 27% decrease, reflecting the impact of investments and macroeconomic factors on the outcome.
Including third-party shares, our Consolidated Net Equity continued to rise, approaching now €250 million.
We made significant investments in four vessels, totaling almost €50 million in assets. Additionally, we concluded six M&A operations across all business units and established six new companies, expanding our market presence.
We are determining our tomorrow with a 360° approach, including now a full list of our ESG initiatives that reflect our commitment to sustainability and responsible business practices.
Looking forward, we are already empowering business ideas.
Are you looking for specific financial information? Our Corporate Financial Team is glad to assist you.
Interested in discovering more specific financial information?
Please fill out this form with your details. We'll reach out to you as soon as possible!