{"id":32999,"date":"2025-03-28T20:15:11","date_gmt":"2025-03-28T19:15:11","guid":{"rendered":"https:\/\/www.adriaports.com\/?p=32999"},"modified":"2025-04-07T17:18:39","modified_gmt":"2025-04-07T15:18:39","slug":"revenue-growth-and-reduced-losses-for-somec","status":"publish","type":"post","link":"https:\/\/www.adriaports.com\/en\/logistics\/revenue-growth-and-reduced-losses-for-somec\/","title":{"rendered":"Revenue growth and reduced losses for Somec"},"content":{"rendered":"

TRIESTE –<\/strong> Somec<\/a>, a Veneto-based company specializing in the engineering, production, and installation of complex projects in civil and naval engineering, has approved its 2024 draft financial statement. The figures pushed the company\u2019s stock up sharply, reaching \u20ac11.40 per share (+8.5%). Last year closed with revenues of \u20ac383 million (+3.2%<\/strong> compared to \u20ac371.0 million in 2023) and an adjusted EBITDA (i.e. excluding extraordinary items) of \u20ac30.1 million \u2014 a strong increase (+65.5%) compared to \u20ac18.2 million in 2023. The consolidated net result remains negative, but the \u20ac0.5 million loss marks a clear improvement over the \u20ac11.6 million loss recorded in 2023.<\/strong><\/p>\n

Revenues \u2014 the company explains \u2014 were driven by the strong performance of the Horizons division, which delivers engineered systems for naval architecture and civil fa\u00e7ades<\/strong>, and saw increased activity. Notably, the naval refitting segment achieved excellent results by capitalizing on strong current demand. Margins also improved significantly thanks to greater operational cost efficiency and a mix of higher-value contracts<\/strong>, particularly in the refitting segment and the North American glass fa\u00e7ade market, which were the main profitability drivers during the period.<\/p>\n

\u201cIn 2024 we worked with determination to generate cash and improve the Group\u2019s profitability, achieving excellent levels of EBITDA and Net Financial Position. We are satisfied with the results achieved, which are the outcome of strong commitment across the team, the addition of high-level professionals, and investments in training and process optimization. Looking to the current year,\u201d explained Oscar Marchetto, Chairman of Somec<\/strong>, \u201cour focus remains on the continuous improvement of margins, with the goal of further strengthening the solidity and sustainability of our business model. The order backlog \u2014 which continues to grow steadily and significantly, as demonstrated by the contracts awarded in the last quarter \u2014 confirms the vitality of the cruise sector, where new shipbuilding and refitting projects continue to roll out.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

TRIESTE – Somec, a Veneto-based company specializing in the engineering, production, and installation of complex projects in civil and naval engineering, has approved its 2024 draft financial statement. The figures pushed the company\u2019s stock up sharply, reaching \u20ac11.40 per share (+8.5%). Last year closed with revenues of \u20ac383 million (+3.2% compared to \u20ac371.0 million in […]<\/p>\n","protected":false},"author":2,"featured_media":33003,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[25],"tags":[],"class_list":["post-32999","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-logistics","et-has-post-format-content","et_post_format-et-post-format-standard"],"yoast_head":"\nRevenue growth and reduced losses for Somec - AdriaPorts<\/title>\n<meta name=\"description\" content=\"The Veneto-based company has approved its 2024 financial statement, showing a marked improvement in performance\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.adriaports.com\/en\/logistics\/revenue-growth-and-reduced-losses-for-somec\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Revenue growth and reduced losses for Somec - 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