Ceramic tile manufacturer Florim, based in Modena, Italy, reported record sales of 480 million Euro [US $505 million] and EBIDTA [earnings before interest, taxes, depreciation, and amortization] of 25%—the highest in the company's history. Florim reported it invested more than 280 million Euro [US $295 million ] and 50 million Euro [US $52 million of investments in green manufacturing since 2011.
“I am particularly proud to illustrate the path that Florim has travelled over the past year," President Claudio Lucchese said in a letter to stakeholders. "The brilliant economic and financial results, the positive reaction of the market to our way of doing business, and the consolidation of the values we believe in have made possible numerous initiatives that you will read about."
A few noteworthy accomplishments:
- Florim was admitted to Altagamma, a foundation that unites elite Italian luxury businesses, ambassadors for Italian excellence worldwide.
- By the end of 2023, Florim will open flagship stores in Los Angeles, Paris, Rome and New York, giving a total of 10 corporate showrooms in strategic points of the global design scene.
- Ten years after it began producing clean energy, Florim has now included a formal commitment to gradually evolve its business model towards a net zero emissions economy in its bylaws. The company reported 12.8 million liters of rainwater were recovered and reused in the production process during 2021. All electricity not produced in-house is purchased entirely from renewable sources with Guarantee of Origin (GO).