Strategies to grow: how Teoresi is facing the crisisCorporate
On July 1 Teoresi took part in “Strategies to grow”, an event promoted by Italypost, with the aim of sharing the strategies that champion companies are adopting to face the crisis linked to Covid-19.
Invited to explain the choices made by Teoresi, the CEO and President Valter Brasso highlighted how much, during the first months of the emergency, companies were called to face a real change in the way of living and interacting in the social context. In the case of Teoresi, the desire was immediately to make decisions as far as possible oriented towards the safety of employees by preparing, in advance of the mid-March decree, new procedures in all locations in order to guarantee continuity in work activities.
While Teoresi, already from the 18th of March, was therefore able to ensure full service, unfortunately for many customers this period coincided with the suspension of the attivities and the closure of the offices, inevitably causing a drop – now largely recovered – in the activities (this was the case, for example, of the automotive sector). This represented an effort for Teoresi to imagine a redistribution of its resources. Teoresi primarily decided to intensify its internal training and knowledge sharing programs (we talked about them here); then, focused its attention on growing industries (which are now minor for the company, in terms of market shares), such as technologies applied to life sciences and fintech.
In conclusion, without excluding the will of seeking new market opportunities, also with regard to possible acquisitions, Teoresi will keep the attention threshold high by monitoring the evolution of the situation and looking to the future with its strong solidity built over the years.
In 2019, in fact, the growth trend confirmed the solidity of Teoresi’s strategic approach in both operational and financial management. The Group achieved consolidated revenues of 49.1 million euros, recording an average annual growth of + 27.8% (CAGR 2013 – 2019) and confirming the positive trend of the main financial indicators. The development of 2019 vs 2018 was also positive for all of the business areas, with significant peaks in some fast-growing strategic fields such as the sector of technologies applied to life sciences (> 100%) and digital solutions for the reference operators in the financial markets (+ 58.6%). Industries historically consolidated for Teoresi such as the automotive industry (+ 11.7%), the railway sector (+ 39.1%) and the ones related to industrial and agricultural vehicles (+4.3%) are also growing. On the personnel front, in December 2019 the Group staff reached 828 units, with a 2013-2019 CAGR of 24.2%.