It’s all positive for Italian industrial gas company SOL S.p.A, with increasing figures across the board in its 2015 full year consolidated results, despite the recently sluggish economic recovery.
This year saw consolidated sales revenue increase by 5.9% to €674.2m ($762.7m), compared to the previous year, with net profit also increasing by 11.2%, settling on a €32.4m ($36.7m) figure.
Regarding sales, its homecare division, operated through its business unit VIVISOL, achieved a growth of 8.7%, and its technical gases division also showed an increase, rising by 3.3%.
It is noted that the majority of the sales percentage increase for fiscal year 2015 came from international sales, standing at an 8.5% growth, although sales within Italy still grew by 3.4%.
Marco Annoni, Vice-President of SOL, outlined, “The results confirm the capacity of development of the SOL group in a very difficult economic industrial contest.”
Aldo Fumagalli Romario, President of SOL, declared, “In the year 2016, we’ll continue the investments programme sustaining the development, the diversification and the innovation to pursue the growth of the sales, trying to increase the profitability of the group.”
SOL produces, markets and distributes a wide range of gases and is also engaged in the research, design, construction and operation of production plants. It is primarily involved in the business of technical gases and homecare assistance, and retains over 3,000 employees operating throughout Europe, Turkey, Morocco, Brazil and India.