Unprecedented revenue growth and profitability – surpassing all expectations – for Beretta Holding S.A. The Group has in fact just announced significant figures in its 2022 consolidated financial performance following the acquisition in July 2022 of the state-owned ammunition business RUAG Ammotec.
“In 2022, Beretta Holding had an excellent year and achieved consolidated net sales of over Eur 1,4 billion (compared to Eur 958 million in 2021) and reported an EBITDA of Eur 286.5 million,” they write in a press release. “If the Group had consolidated Ammotec for the entire 2022 financial year, net revenues would have exceeded Eur 1.7 billion and EBITDA Eur 350 million.”
Beretta Holding's consolidated revenues primarily come from sales to the civil sector, accounting for almost 80%. Here, the sustained demand combined with the Group's successful acquisition of multiple contracts in the defense and law enforcement sector, has led to the Group's manufacturing plants running at full capacity.
In Europe, in particular, the Group recorded “unprecedented results, with sales exceeding 2021 by 19%,” while the sales in Italy – where Beretta was established back in 1526, almost five centuries ago – grew almost by 30%. On the main market, North America, after two solid years the organic growth recorded a 6% growth and represents 48% of the Group revenue.
But Beretta Holding is not just guns: the total turnover of non-firearms products including optics, and clothing & accessories in the defence and law enforcement, exceeded 300 million euros, over 20% of the Group revenue, and recorded a growth of 8% compared with the previous year.
Beretta Holding's investments: R&D, plants, machinery, industrial and commercial equipment
Beretta Holding also increased R&D investments by over 25%. Overall, the Group increased its investments by 38%, amounting to 54.8 million euros, compared to 33.9 million in 2021.
Research and development (R&D) expenses totaled 25.1 million euros (compared to 19.6 million in 2021). “Most R&D activities focused on product development and industrialization of new models, innovative solutions, and improving the quality and reliability of the existing product range.”
In 2022 other significant investments were directed towards plants and machinery, industrial and commercial equipment, including new machines and equipment to increase pistol and bolt action barrel production volumes, as well as new tooling for product development mainly concentrated in Italy, the USA, Finland, Germany, and Turkey. Investments to expand ammunition production capacity were also made, and investments to increase productivity and digitization of the group's Italian plants totalled 22.8 million euros, up 40% from 16.3 million in 2021.
“The integration of Ammotec brought our Group to a new era where we can fully serve our loyal customers across the globe with a complete offering of firearms, optics, ammunition, and accessories. This milestone is not only a reflection of our strong performance but also a confirmation of the value we bring to the market. We will continue to significantly invest to enhance the competitiveness of our products and industrial and commercial processes and always analyse possible strategic and complementary acquisitions that may bring value added to our market propositions”, states Dr. Pietro Gussalli Beretta, President of Beretta Holding S.A.
With a workforce of nearly 6.500 employees globally, Beretta Holding remains committed to “sustaining this impressive growth trajectory by investing in cutting-edge technologies, expanding market reach”.
For more informarion please visit the Beretta Holding website.