Double-digit growth (+40%) for the Gattinoni Group. 2024 is the year of consolidation

The Gattinoni Group takes another step towards the milestone of one billion in turnover envisaged by the industrial plan which will end in 2026. 2023 closed with 687 million in revenues (+40%) and for this year the expected growth is 12% , over 774 million. This was said by Franco Gattinoni, founder, president and CEO of the Group who also presented the new, more streamlined corporate structure that will be adopted from next year and includes 3 divisions: travel, business travel and events. The first has a turnover of 295 million, the Business division has revenues of 254 while the one dedicated to events has 61 million. Another 77 million were made by subsidiaries and affiliates. The value of the transaction reaches 1,609 million (+36%) and for 2024 the aim is for 1,776 million with a growth of over 10%. Ebitda was approximately 14.3 million (+40%) compared to the 10.2 million expected in the budget. As regards the first months of 2024, revenues saw an increase of 20%.

«Finally, following difficult years due to the pandemic and post-pandemic, we have also achieved good results in terms of margins – says Franco Gattinoni -. Each branch of activity has been marked by improvements, market penetration is increasingly wider, both in leisure and in business travel and events. For 2024 we have set ourselves the objective of 12% growth in continuity with the objectives of the three-year industrial plan. Our growth this year was higher than that of the market but, due to the volumes we generate and following the investments made, we can and intend to improve results in terms of margins and this is also what we will focus on.”

Mario Vercesi, former product director and director of the technological platform, was chosen to lead the Travel division. Gattinoni Events sees the reconfirmation at the helm of managing director Elisa Presutti while the Business Travel division will benefit from the new arrival as CEO of Piergiulio Donzelli. Sergio Testi, who has held the position of general director for years since 1 August 2024 for purely personal reasons, will reduce his responsibilities, remaining an important consultant to the presidency, with the role of councilor on the board of directors of the parent company, and in support of the managers at head of the various units. «2024 will see us busy redesigning the company and carrying forward the integration with Robintur Travel Group (acquired in 2022 by Coop Alleanza 3.0 ndr) and it will be a year of consolidation.” Today the Group has over 120 owned agencies, approximately 1,500 affiliated agencies and 8 hubs throughout Italy.

#Doubledigit #growth #Gattinoni #Group #year #consolidation
2024-04-13 02:54:12

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