The calm has returned to the Marzotto Group. The Board of Directors approved the 2022 financial statements of the Italian textile company, which reported total revenues of 369.5 million euros, a 54.9% increase from 2021's 238.6 million euros. In terms of profitability, the group returned to profit in the fiscal year, recording profits of 17 million euros against a loss of 8 million the previous year. "After two years marked by the pandemic and the Russian-Ukrainian conflict - explains the company in support of financial performance - the significant results achieved in 2022 highlight the Marzotto Group's ability, flexibility, and strength in maintaining its leadership position in all of its reference markets. At the same time, Marzotto has maintained a policy of increased sensitivity to sustainability issues, particularly in light of international comparison." Regarding the current fiscal year, the company anticipates that initial data will confirm the positive trend that emerged in 2022. Notable is the repositioning of the company Marzotto Wool Manufacturing, "which has demonstrated strong vitality in markets with greater added value and greater innovation, with the production of increasingly technological and comfortable fabrics as its reference." As for the company Marzotto Lab, the process of differentiation continues "with a promising acceleration in the furniture market."
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