Minerali Industriali presents the sixth edition of its Sustainability Report
This year has also been a difficult one, following a 2024 and a 2023 that were equally complex. Unfortunately, we are moving away from the numbers of 2022, a year in which we recorded our historical best performance in both revenue and margins. We are experiencing years of great uncertainty caused by wars, economic crises, tariffs, and commercial aggressiveness from countries against which it is difficult to compete, as well as global political instability… situations that force many human beings to live through a very difficult period of their lives. Here in Europe, we do not directly suffer the atrocities of a conflict, but we are still subject to all the other dynamics described above which, as a side effect – certainly a less important one – do not help achieve good business results. This year, in short, we have decreased both our revenue and our profitability.
The obvious question is: should we therefore be worried? Our honest opinion is no, at least for three reasons.
The first is that we are a financially very solid Group: compared, for instance, to about ten years ago, we are incredibly more structured and better capitalized, given that in this period we experienced many decidedly positive years and that the shareholders have hardly distributed any profits. In other words, they jointly chose to make our Group strong and resilient, to better face any difficult times.
The second reason is that, despite these complicated years, we have generated cash flow in the long term, even after investments. In 2025 as well, despite the challenging global scenario, our Group generated positive cash after investments. Our ratios are far better than the average of Italian MidCaps, and not only them. We believe this is an essential element for healthy corporate management.
The third, and perhaps the most important reason, is that we have been able to concretely look in new directions, implementing projects that are already bringing us the first results. Many operators – virtually all say they want to expand into other markets to make up for the lack of growth in the traditional markets in which they usually operate… but we, in addition to saying it, have actually done it! We are referring, for example, to the Sondalo quartz as an ornamental stone, to cosmetics, and to the search for new products for the circular economy and for digital transition. And many other innovations are coming very soon.
Furthermore, let’s not forget that the world around us is changing at an astonishing speed, and it is our duty to take advantage of the new opportunities that technology offers us. We are working hard to distinguish the truly useful ones from those that cannot be successfully applied in our sector – at least for now. This is certainly not easy. We have also understood, through direct experience, what three important Harvard researchers wrote back in 2019: “Digital Transformation is not about Technology at all, it’s about People”… hence the major effort we ask to all the people who are part of the Minerali Industriali team: to dedicate their maximum commitment precisely to this topic. Changing is neither easy nor intuitive, and at times it is a real investment of one’s own time: let’s do it! It will undoubtedly pay off.
For these reasons, we remain optimistic: we are certain that our Group has the necessary skills to face the future, which will be both quite challenging and surprisingly fascinating at the same time! Very interesting times await us.
Enjoy reading!