2023 has been a year of challenges and opportunities for Coral Group. Despite uncertainties in global markets, changing international political situation and sudden changes in raw material cost, inflation and interest rates, Coral Group achieved extraordinary results. Our turnover saw a double-digit increase, reaching € 151.35 million compared to € 130.49 million in the previous year. Even more significant was the increase in our profitability, with EBITDA rising from 9.76% to 15.03%, all thanks to solid and targeted organic growth.
During the year, Coral Group focused its efforts on product development and the adoption of innovative production processes based on Industry 4.0. We have activated new, larger and higher-performance production sites, which will enable us to respond even more effectively to market and customers needs. Investment in technology and innovation has been a key element in our success and will continue to be so in the future.
Looking ahead, the majority of our subsidiaries maintain solid sales positions, while a minority of them are experiencing significant growth. This balance allows us to look forward to the challenges ahead, strengthened by a solid base and promising growth prospects.
Special thanks go to all our colleagues and partners for their hard work and commitment during 2023 and the incredible start of 2024. Your contribution has been crucial in achieving these milestones and building an even brighter future for Coral Group.
Claudio Coral – President & CEO
Ivano Coral – CEO
Emanuela Coral – Member of the Board
Stefania Raciti – CFO