The Benetton family’s holding company, Edizionione Spa, based in Treviso, recorded an increase in consolidated income for the 2024 financial year.
Sales rose to 10.1 billion euros compared to 9.5 billion euros in the previous year. The net assets rose to 13.2 billion euros (11.7 billion euros in 2023). The number of employees has grew from around 70,000 to over 100,000 in the past three years. The proportion of women in management is around a third. This emerges from a press release.
The group’s infrastructure companies reaffirm their sustainability target to reduce direct CO2 emissions to zero by 2040. The proportion of electricity from renewable energies achieved 73 percent for all companies in the portfolio.
Halved losses
As announced in May, Benetton’s losses were more than halved compared to the previous year. They amounted to just under 100 million euros, which corresponds to an improvement of 57.5 percent compared to the previous year (2023: 235 million euros). The net finance position improved by around 50 million euros from 460 million euros in 2023 to 411 million euros in 2024.
Edicione was founded in 1981 and is one of the leading European industrial golding. It is completely owned by the Benetton family. In addition to Benetton, the portfolio also includes the Infrastructure Group Mundies, the insurance company Assicurazioni Generali and the investment bank Mediobanca.
“In the course of 2024 we promoted the change and innovation of Edicione with great commitment,” said Benetton in his letter to the stakeholders. “We have further improved the business results of the group and expanded our scope for action. We have fundamentally reformed our corporate management and aligned them at the best international standards. We have continued to invest in concrete and tangible in sustainability and innovation. These are strategic and basic values for us and all of our participations.”
Alessandro Benetton and Enrico Laghi confirmed as President and CEO of Edizione
The Annual General Meeting also appointed the Board of Directors in accordance with the new statutes. From this term of office, these provide for the introduction of a monistic governance system. This system is intended to accelerate the company’s decision -making process, make it more compact and efficient. It corresponds to the most modern international governance rules, according to the press release.
Based on the new governance, the four family branches unanimously approved the four independent board of directors board members. In addition to the re -election of Vittorio Pignatti and Irene Boni, two new members were recorded: Laura Zanetti is the director of the business and finance on Bocconi, auditor and swearing -in book tester. Annachiara Svelto is an expert in corporate law, mergers and acquisitions as well as corporate governance, formerly on the board of energy group Enel, network operator Terna and Bank Credito Emiliano.
The general meeting then appointed Alessandro Benetton as a member of the board of directors. He will take over the chair for the next three years. Enrico Laghi will hold the position of the CEO for three years. Other members are Carlo Bertagnin Benetton, Christian Benetton and Ermanno Boffa.
“In the coming years we want to continue growing in the industrial sectors, in which we already have first -class expertise,” said President Benetton in his letter to the stakeholders. “We also want to check new sectors and always bring innovation as well as financial and industrial competence. At the same time, we will continue our ‘willingness to experiment.
This article was used with digital tools translated.
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