Silmar Group annual report 2022



Silmar Group is a diversified and strongly synergic reality, operating on the global market with thirty production sites in over one hundred markets.

The Group's companies are leaders in the heating sector with Fondital, in aluminium alloys from recycled materials with Raffmetal; in plumbing, recycling of plastic materials and passive fire protection with Valsir and its subsidiaries and affiliates in Italy and abroad.

In the three-year period, the Group's companies reached an investment quota of € 238,544,000.

    2020 2021 2022 Var %
Turnover 877,446,000 1,217,250,000 1,515,810,000 + 24,5%
Investments 57,843,000 62,973,000 117,728,000 +86,9%
EBITDA 121,118,000 174,641,000 199,522,000 +14,2%
Depreciation and amortisation 43,405,000 60,512,000 56,839,000 -6,1%
Net profit 53,507,000 85,376,000 104,057,000 +21,9%
Cash flow 103,106,000 145,890,000 169,280,000 +16,0%
Total employees 3,334 3,548 3,651 +2,9%


1,879 1,978 2,117  


1,455 1,570 1,534  

Aggregated data

All Group companies share a structured sustainability path that has enabled them to anticipate European directives and meet stakeholders' needs in ESG terms.

The Group dedicates significant resources to the well-being and ongoing training of its employees, through structured welfare plans and work-life balance services. It also supports corporate social responsibility initiatives that promote sports, cultural, scholastic, religious, artistic and health-related growth in the territory of Brescia and its province, with particular attention to the local younger generations.

The Group has defined an industrial plan that envisages significant investments in renewable energies in order to achieve the goal of climate neutrality in 2050.

In terms of aggregate revenues, 2022 was the best financial year ever recorded by the Silmar Group in its history.


During the first half of 2023, there was a decrease in energy prices, although demand within the Eurozone is slowing down due to the multiple uncertainty factors of rising inflation and interest rates.

During 2023, the industrial plan of all Group companies aimed at the continuous streamlining of plants and factories to achieve the goal of product and process climate neutrality will continue.

n. Reg. Imprese: 01963300171 - EORI/P. IVA: IT00667490981 - R.E.A. BS - 280789 - Capitale sociale: € 60.000.000 i.v. “Soggetta all’attività di direzione e coordinamento ex art. 2497 bis C.C. da parte di SILMAR GROUP S.p.A. - Cod. Fisc. 02075160172”