The latest edition of the official report highlights a positive trend in sales and growth, thanks to innovative marketing strategies, reduced manufacturing costs and increased turnover from exports.
As every year, the Varvel Group is presenting a Sustainability Report illustrating the previous year’s results.
The first proof of Varvel’s new energy lies in the group’s indebtedness, which has fallen by 11% compared with previous years, and the EBITDA, that has reached the 9%, in line with the sector average.91,7% of human resources is employed with permanent contracts and the number of women in the workforce amounts to 45%.
Varvel’s social responsibility also assumes the form of direct support for charities for three non-profit organizations: ANT (the Italian Cancer Association), MSF (Doctors Without Borders) and UNICEF (the United Nations Children’s Fund), through a a fixed contribution of 2 cents in every euro earned from product sales.
The principal drivers of growth include strategic decisions that have optimized and made more efficient the company’s production processes and flows and the Varvel Mechnology System, a model for “accelerated change” destined to transform the company from a “production center” to a “competence center” by focusing on timelines and development plans.Finally, the 2018 Sustainability Report highlights a shift in turnover towards export markets, with 34% of turnover coming from the domestic market and 66% from exports.