After the dossier released in recent days in which it was among the top 500 in Piedmont, the Coral Group confirms its presence among the virtuous realities at the national level as well. It is in May 2022 that a special issue was published in the Milan daily Corriere della Sera, Italy's leading newspaper in terms of circulation and readership, regarding the "Magnificent 800," the Italian companies with the greatest growth potential.
The Group Coral, already ranked in 2021, is in a lower position than last year, but this should not be misleading: in spite of the slight decrease in turnover in 2020 compared to 2019, due to the impact of Covid-19 on the Italian business system, the Group's rating Coral is projected to be higher, rising from BBB to A.
The substantial decrease in net debt, which generated 40 times more cash than in fiscal 2019, is the main factor contributing to the improved rating. However, one must take into account the positive sign of all other data considered as well, from theincrease in the workforce employed at the Group to the return on capital, fromprofit to equity.
This further step forward taken by the Coral Group confirms a progression that has persisted for several years now: suffice it to say that in little more than a five-year period the company's turnover has increased by more than 70 percent.
While waiting for the new figures for the current year, the Group's strategy confirms what was planned at the beginning of 2022: the creation of opportunities with the new locations (one in the United States and one in Germany) and a policy increasingly aimed at spreading a "new industrial consciousness" based on sustainability, energy conservation and the protection of both the environment and the health of workers.
