2024 Financial Results: CMB meets all targets
The CMB Group closed the 2024 financial year with a significant increase in its key balance‐sheet indicators.
Production volumes and profitability for 2024 surpassed both budget forecasts and the prior year’s results. “These achievements are partly the result of a favorable market environment characterized by several years of recovery in the construction sector and partly the outcome of the Group’s effective strategic approach, which focuses on selecting the markets, clients, and products in which CMB enjoys a high degree of specialization,” remarked President Carlo Zini.
“878 million euros in turnover, net profit exceeding 18 million euros, a well structured order book, and excellent cash generation are important indicators for a long standing company operating in ever changing environments,” commented Marcello Modenese, Group Director of Financial Resources and Planning.
“It is the construction sector driving the company’s growth,” continues Roberto Davoli, Group CEO of CMB. “All these projects represent a sign of ongoing and solid competitiveness, to which the hospital works CMB’s flagship are added. Furthermore, it should be remembered that in recent years our commercial policies have focused on selecting projects characterized by sustainability and a high positive impact on the territories.”
The volume of work and service acquisitions exceeded commercial targets both in terms of volume approximately 904 million euros and in terms of margin, pushing the order backlog to 3.4 billion. The Group’s net financial position has continually improved since 2012, demonstrating optimal cash‐flow management; in 2024, the Group’s financial debt was nearly zero, marking CMB’s historic best.
The Stakeholders Meeting was held on Friday, May 23, and included remarks from Bologna’s Mayor Matteo Lepore, Fillea CGIL General Secretary Antonio Di Franco, and Legacoop President Simone Gamberini.