With the Gattinoni Group, tourism has started to pick up again and turnover soars to more than 40%

ROME – Il Gattinoni Group celebrates the return of the desire to travel and closes the budget with a turnover of 686.9 million euros, up by almost 40% compared to 2022 and 8% compared to the set budget. An all-round result: the Travel Division generated a turnover of 295 million eurosor, the Business Travel of 254 millionthe Business Unit Events 61 millioni, while the investee and controlled companies achieved a turnover of 76.9 million euros.

Commercial contracts

Also the managed value of commercial contracts rose to 1,608.9 million euros, +36% compared to the year 2022. Significant growth also for EBITDA closing at 14.260 million euros, +40% sthe estimate at the beginning of the year which had been hypothesized at 10.2 million euros. A significant number achieved thanks to savings in various areas, despite investments in technology and people.

Gattinoni Travelwhich groups together the volumes generated by the Product, internally and through partners, by the Proprietary Agencies, by the Participating Agencies and by the two Networks, has created a growth of 40.1% compared to 2022 reaching 295 million euros in turnover. The Group’s Travel Division has invested in strengthening the product, both the Gattinoni branded one and the one negotiated with the best partners; the agencies, owned and affiliated, have been enabled to be more proactive, thanks to the tools they have been equipped with in relation to marketing, training and communication and incentive campaigns.

Gattinoni Business Travel, the division that develops the business travel business for both the corporate and agency segments, has reached 254 million euros in turnover, an increase of 30.2% compared to 2022. Business trips, trips generated by companies and travel agencies have found in the Division responsible reliable interlocutors, continuous assistance and technological systems that guarantee every protection for traveling personnel.

Gattinoni Events, the Events Division which includes the Logistics, Communication and Healthcare areas, scored 61 million euros in turnover, with a growth of 71.8% compared to 2022. The Division has exponentially increased Major Events; incentives, product launches and roadshows were characterized by the great work in terms of communication and creativity thanks also to the investments made in the creative teams and in general on the excellent performances of all the Division’s staff. Even the specialization of Healthcare team it brought excellent results and new customers.

The 2024 estimate

Given the very positive trends and numbers, the Group estimates further development in 2024. The forecast is to reach a turnover of 774.3 million euros, an increase of +12% compared to 2023. As regards the managed value of commercial contracts, the objective is to reach 1,776.3 million in 2024, with an increase of over 10%. After the difficult pandemic and post-pandemic years, and following of the large and constant investments in technology, human resources, products and communication, this year the Gattinoni Group also aims to increase margins.

The current year began with good performances for all Divisions, so much so that at the end of the first quarter of 2024 (1 January – 31 March 2024) there was a turnover increased by 20% compared to the same period last year; results that strengthen growth estimates and are confirmed in line with the industrial plan with a view to reaching one billion euros in Group turnover in 2026.

For Franco Gattinoni, Founder and President of the Gattinoni Group: “In 2023 our company celebrated 40 years of activity and did so in the best possible way, confirming and exceeding growth estimates. Finally, after difficult years due to the pandemic and post pandemic, we have also achieved good results in terms of margins. Each branch of business has been marked by improvements. For 2024 we have set ourselves the objective of one growth of 12% in continuity with the objectives of the three-year industrial plan. Our growth this year was higher than the market one but, due to the volumes we generate and following the investments made, we can and intend to improve results in terms of margins in 2024 and this is also what we will focus on