Visottica Group: Turnover 2021 at Euro 86 Million, investments of Euro 9 Million
Posted on May 17, 2022

The Chairman: ‘We continue to grow and strengthen our globally unique production site, to offer an ever better service to our customers”.

Susegana (TV), April 2022 – Visottica Group, a Veneto-based company, world leader in the production of eyewear components, closed its 2021 consolidated financial statements with a turnover of 86 million euros, up 46% compared to 58.8 million in 2020. The figure benefits from the revenues of the companies brought into consolidation during the last financial year: in detail Ookii, Matrix and Eurodecori.

“2021 was a very positive year for us,” emphasises Rinaldo Montalban, President of Visottica Group, “characterised by strong growth that allowed us to recover the ground lost during the pandemic period. This is an important result, not only from an economic point of view. Despite the uncertainties of the world scenario, we have still chosen to invest in order to offer services and technologies that are always innovative, confirming our company vision. Thanks to the recent acquisitions of companies specialising in different types of workmanship, we have progressively expanded the Group’s offer, creating a pole of excellence in high-precision technologies, capable of satisfying the widest range of our customers’ needs. The 2021 figures also confirm the validity of the decision to maintain a strong manufacturing presence in Italy to support the Asian production”.

During the 2021 financial year, the company invested around 11% of its total turnover, for a figure amounting to more than EUR 9 million, of which EUR 5 million to support production. Resources amounting to EUR 1.5 million were allocated to Research and Development, up from the average of EUR 1 million in the three-year period 2018-2020, while investments in acquisitions amounted to EUR 3 million.

At the beginning of 2021, Visottica took over 50% of Eurodecori, a company from Belluno specialising in the production and processing of zamak parts. During the year, it also completed the acquisition of the majority of the capital of Ookii, a company specialising in precision micromechanics located in the Belluno eyewear district, and of Matrix (of which Ookii holds 100% of the capital), a leading company in the production of MIM (Metal Injection Molding) components and in microfusion. Thanks to these new additions, the Visottica Group has expanded its technical skills and know-how, making available many different technologies: from milling to turning, from cold forging to mechanical reworking, from zamak die-casting to beryllium copper micro-casting, and even MIM and plastic moulding. The range of products on offer to the market is thus even wider and more varied, without ever losing sight of the objective of providing customers with a high quality product in both aesthetic and functional terms.

The Visottica Group has also recently unveiled its new brand identity, the result of a strategic path aimed at consolidating the company’s position as a reference point in the precision micromechanics sector. In particular, the renewed logo – Visottica Group – stems from the need to unify with a common vision the entities that have become part of the Group, to represent the commitment to the future and to the realisation of a shared corporate culture, based on the values of excellence, transparency, innovation, identity, attention to people and respect for the environment. In addition to rebranding, Visottica renews itself and continues on its path of evolution by redefining its Mission and Vision. Marking this moment is the new Payoff “We Envision the future”.