In 2024, Immsi Group investments increased in all operations: the Group’s products and factories continue to be a cornerstone of its future growth, even at time of economic complexity where revenues are contracting as a direct consequence of the downturn in propensity to consume.
Despite the temporary fall in turnover on some markets (notably in Asia), Piaggio, and all its Italian brands, once again reported healthy margins thanks to their capacity for innovation and resilience to the changes taking place in the mobility sector and in goods transportation. Style and sportiness are the company’s DNA and its R&D work enables it to continue innovating and offering all its customers products with a high technology content.
At the same time, the changing macroeconomic and geopolitical scenario is driving a strong move towards the reinforcement of the defence sector at global level; thanks to an order book standing at around 1.2 billion euro, which guarantees profit growth over the next few years, Intermarine is strengthening its position as a world leader in Mine Countermeasure Vessels and Seabed Warfare. As a shipbuilder, Intermarine specialises in the design and construction of vessels with unique features in terms of silent running, amagnetism and shock absorption. These specific technological characteristics meet the needs of modern navies as they strengthen their focus on the protection of critical underwater infrastructure in their seabed surveillance and defence operations, and on their coastal patrol operations.
In the hospitality sector, work continues at Is Molas on the management and development of the golf resort in its unique naturalistic and environmental setting in the south of Sardinia.
2025 is likely to be characterised by many variables and market anomalies, but we shall take all measures step to maintain our strong performance.
- Consolidated net sales 1,748.4 million euro (2,011.6 €/mln in 20231)
- EBITDA 271.1 million euro (307.8 €/mln in 2023)
- EBITDA margin 15.5%, the best result ever reported (15.3% in 2023)
- EBIT 129.3 million euro (160.8 €/mln in 2023)
- EBIT margin 7.4% (8% in 2023)
- Profit before tax 52.5 million euro (90.9 €/mln in 2023) subject to tax totalling 22.9 million euro (36 €/mln in 2023)
- Net profit including minorities 29.6 million euro (54.9 €/mln in 2023); minority interests 23.5 €/mln at 31.12.2024 (35.8 €/mln in 2023)
- Immsi Group consolidated net financial position –947.3 million euro (-827.4 €/mln at 31.12.2023)
- Capital expenditure 204.8 €/mln (+16% from 176.6 €/mln in 2023)
- Dividend: proposed final per-share dividend 1.2 eurocents (total dividend for the year, including the interim payout, 2.2 eurocents per share)
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- Authorisation for the purchase and disposal of own shares
- Shareholders called to the Annual General Meeting in ordinary session
Mantua, 24 March 2025 – At a meeting today chaired by Matteo Colaninno, the Board of Directors of Immsi S.p.A. (IMS.MI) examined and approved the draft financial statements and the Piaggio Group consolidated financial statements as at and for the year ended 2024 as well as the consolidated sustainability report at 31 December 20242.
1in the industrial sector, as a result of the contractual changes made in 2024 to the sell-out promotions for the Indian market, the costs of the promotions, which previously were classified under services provided, are now deducted from revenue.
2The 2024 draft financial statements and the Immsi Group 2024 consolidated financial statements have been prepared with the XHTML electronic format pursuant to Delegated Regulation (EU) 2019/815 (known as the ESEF Regulation); with the approval of the consolidated financial statements, the related mark-ups using XBRL tags have also been approved.