As in the past, Proger’s excellent financial health and solidity have been confirmed by Cerved Rating Agency S.p.A., one of the first rating agencies in Europe, which in 2024 raised the company’s public rating from A3.1 to A2.2: “Company with very solid fundamentals and high capacity to meet financial commitments. Very high creditworthiness‘.
This outcome is the result of several factors, including
- the substantial and diversified order book, which has allowed and will allow significant developments in both production volumes and margins;
- A satisfactory organisational and management model;
- an efficient and effective internal control system for monitoring the Group’s financial and operational risks.
The 2023 results show
- Production value of 186.9 million (+70%)
- EBITDA of 24.5 million (+67%)
- Net profit of almost 15 million (+65%)
- Equity of 84.8 million (+21.4%)
- Net financial debt (NFP) reduced to 21 million (-33%)
- pfn/ebitda ratio of 0.86, an excellent value that succinctly expresses Proger’s ability to repay the debt contracted with the financial system with the margin generated and in less than 12 months.