Pattern continues to grow. In 2023 the Turin group, which currently includes 12 companies in seven regions of Italy, recorded revenues of 145.4 million euros, an increase of 33.14% compared to the 109.2 million at the end of 2022. An increase – explains the company in a note – “the effect of which is the combined effect of organic growth and the contribution deriving from acquisitions or increases in shareholdings concluded during 2023”.
Profitability is also positive: investments at 31 December 2023 amounted to 19.4 million, an increase of 18.3% compared to 16.4 million the previous year. The net financial position returned to positive by 0.6 million, a clear improvement compared to the negative 13.8 million of 2022, thanks – explains the group -, “both to the positive impact of the cash flow generated by the operational management of the group , and the proceeds deriving from the sale of the business unit of the Turin plant dedicated to the English brand Burberry“. Last March Pattern had in fact sold the business unit of the Turin plant dedicated to the design and production of the fashion house’s products for a sum estimated at around 21 million euros.
Among the operations of the group, which after the acquisition phase has presented an investment plan of 20 million for the next four years, there are also the purchase of land for the construction of the new headquarters in Turin and the expansion of the building in where the knitwear company is based Zannia specialist in the design and production of seamless knitwear.
“2023 went beyond expectations even with respect to the market – they commented Fulvio Botto e Luca Sburlati, president and CEO of Pattern respectively -. These results were obtained thanks to the strong attitude of all our companies to work in partnership with customers starting from product development, as well as continuous technological innovation in the design and industrial phases. Our task is to continue following these principles in the coming years in a rapidly changing market.”