Sogefi Group

RECORD RESULTS IN 2023 The Board of Directors of Sogefi S.p.A., which met on Friday 23rd 2024 under the chairmanship of Monica Mondardini, has approved the proposed financial statements for 2023 presented by Chief Executive Officer Frédéric Sipahi.   In this context, Sogefi S.p.A has published results that are significantly better than those for 2022.   In summary : ✔  Net profit almost doubled in 2023 (€57.8m compared with 2022), with consolidated sales of €1.62 billion, also 5.5% higher than in 2022. ✔  Ebit stands at EUR 105.2m, up almost 50% on 2022, with an Ebit margin of 6.5% of sales, compared with 4.6% in 2022. ✔  Positive free cash flow of EUR 37.9 million, compared with EUR 29.3 million in 2022. ✔  Net debt at 31 December 2023 of €200.7 million, down by more than €20 million on 31 December 2022.   In view of the result for the year and the financial solidity of the Group, the Board of Directors will propose that the Ordinary General Meeting of the Shareholders, convened at the first call for 22 April 2024, allocate the net result resulting from the Financial Statements for the year ended 31 December 2023 to a dividend distribution of Euro 0.20 for each of the shares.   Frederic SIPAHI, CEO of Sogefi : “Actions we have implemented over the last three years are paying off, we have improved the financial, operational and commercial performance, year over year, thanks to Sogefi teams ability to overperform and focus on achieving results”   👉 To learn more : https://lnkd.in/eq-Y5JZf

🔋 Meet Sogefi's Air&Cooling teams at The Battery Show Europe 2024. 🔌 📍 From June 18 to June 20, join us at booth 9F71 to see how the Sogefi Group is shaping the future of electric mobility with its state-of-art battery thermal management solutions. We look forward to seeing you there.   #TheBatteryShow #SogefiGroup #Emobilty #Battery

Put option agreement signed for the sale of the Filtration Business Unit   Frederic SIPAHI, CEO of SOGEFI GROUP announced last Friday that SOGEFI GROUP has entered into a put option agreement for the sale of the Filtration Business Unit with the US private equity firm Pacific Avenue Capital Partners.   The exercise of the put option by Sogefi and the signature of the agreement for the sale of the Filtration Business Unit to the private equity fund will take place once the process with unions has been completed. The Transaction should be finalized within six months.   For SOGEFI Group, the completion of this transaction will provide a very solid financial position, enabling it to strengthen and accelerate in its strategic development through two high-potential sectors: Suspensions and Air&Cooling.

In a world of constant evolution, automation and technology are key drivers for innovation within our factories. Our group is committed to this path through ambitious and forward-thinking projects.   A compelling example of this approach is the integration of Fenwick-Linde Automated Guided Vehicles (AGVs) in our Sogefi Orbey plant. This initiative showcases how automation can not only optimize operational processes but also ensure enhanced safety at our industrial sites, while supporting sustainable and responsible growth.   We are proud of this significant advancement and continue to seek new ways to strengthen the efficiency and safety of our operations, in line with our ongoing commitment to industrial excellence and sustainable development.   #IndustrialAutomation #Safety #SustainableGrowth

Join us at the Thermal Management Expo, Stuttgart, Booth 1101. Explore our latest innovations in thermal management with Marc-Anthony! #ThermalManagement #Innovation #StuttgartExpo