2022 was a growth year for the CMB Group
Sales policies focused on the choice of sustainable projects with a high positive impact on the local communities. Turnover was confirmed at around EUR 700 million, with operating profitability growing significantly (EBITDA approximately EUR 30 mln) and a consolidated net profit of over EUR 4 million, allowing the remuneration of the shareholder capital and the traditional rebate policies, to which 50% of the profits will be allocated. The total order book of EUR 2.8 billion is at the highest level ever reached and ensures business continuity in Italy and abroad for the next three years.
“In strategic terms,” the president Carlo Zini commented, “having closed 2022 being able to limit the impact of cost increases, 2023 will focus on recovering profitability also to the detriment of revenues. The market offers good opportunities which will be considered in a highly selective perspective: in this sense, from now on we will assess the contracts funded under the NRRP with extreme caution.”
With regard to employment, in 2022 the company continued to hire fresh graduates, tutored by expert staff, bringing in the skills required to integrate the need to replace staff and cope with new market demands. Furthermore, in 2022 CMB published its first Sustainability Report, in line with the Global Reporting Initiative Sustainability (GRI) standard. The goals set by CMB aim to develop sustainability from a value commitment to an authentic strategic driver for steering industrial development, binding economic and financial aspects to the founding values of CMB’s more than one hundred years of history.
The General Meeting was held on Saturday 27 May at the CMB headquarters. Speeches were given by the President of Legacoop Simone Gamberini and the President of Legacoop Produzione e Servizi, Gianmaria Balducci.