(Il Sole 24 Ore Radiocor) – Rome, 19 November – In the first 9 months of 2024, Franchi Umberto Marmi recorded revenues of 61.8 million euros, up by +9% compared to the same period of 2023. The growth it was supported above all by sales in Asia, North America and Australia, in contrast to the slight contraction that occurred in EMEA, including Italy. In detail, revenues in Italy fell by 1% to 23.3 million (38% of the total), when those in the EMEA area were 33.4 million, down from 34.6 million a year ago . In Asia, revenues increased 2% to 13.6 million and in North America they were 10.7 million, from 6.5 million in the first 9 months of 2023. In Australia revenues were 3.4 million euros, when South America and Africa both recorded a decrease of -37%, representing a marginal portion of the Group’s turnover (revenues of approximately 0.3 million euros each).
‘In September we participated with one of our stands in the important Marmomac event in Verona.
The event, now in its 58th edition, enjoyed a strong influx of visitors and the excellent commercial feedback received allows us to look forward to the last three months of 2024 with confidence,’ declared Alberto Franchi, president and CEO of the company.
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Can you discuss the challenges Franchi Umberto Marmi faces in maintaining its competitive edge in the luxury marble industry as market dynamics evolve?
Questions for Alberto Franchi:
1. Can you tell us more about Franchi Umberto Marmi’s performance in the first nine months of 2024? What were the main factors contributing to the 9% increase in revenue?
2. How did the company’s sales in Asia, North America, and Australia contribute to this growth? What strategies have been implemented to expand market share in these regions?
3. Could you share your insights on the slight contraction in sales witnessed in Italy and EMEA? What measures are being taken to address this issue and improve performance in these markets?
4. The decrease in South America and Africa represents a small portion of the Group’s turnover. Do you see any potential for growth in these regions in the future, and if so, what steps are being taken to tap into this potential?
5. As the president and CEO of Franchi Umberto Marmi, how do you plan to maintain this growth momentum and continue improving the company’s financial performance in 2025 and beyond?
Questions for Il Sole 24 Ore Radiocor:
1. What is your analysis of Franchi Umberto Marmi’s performance in the first nine months of 2024? How does it compare to the industry average?
2. What role did the Marmomac event in Verona play in the company’s revenue growth in the past year? How important are such events for companies like Franchi Umberto Marmi?
3. What are the key trends or developments in the luxury marble industry that you have observed in recent times? How are these affecting companies like Franchi Umberto Marmi?
4. Can you share any insights into the future of the luxury marble industry? What are the potential challenges and opportunities that lie ahead?
5. How does Franchi Umberto Marmi’s performance compare to its competitors in the industry, and what sets it apart in terms of product quality and customer service?
