The Italian agricultural machinery manufacturer Maschio Gaspardo has presented its financial results for 2024 which show that despite a declining market environment in the agricultural sector, the group claims to have maintained economic stability and further expanded its international presence.
As the group now reports, it achieved consolidated sales of €349.9 million in the 2024 financial year. Earnings before interest, taxes, depreciation, and amortization (EBITDA) amounted to €41.32 million, and consolidated profit amounted to €12.29 million.
Sales remained essentially stable in the domestic market, while there was a decline in both European and non-European markets, in line with general industry trends. Despite the market slowdown and the challenging macroeconomic environment, the results achieved enabled a reduction in debt of approximately €29.7 million, due to the decrease in both short- and medium to-long-term bank exposure. In addition, there was an increase in cash reserves compared to the previous year, bringing the net financial position to €86.9 million at year-end. The Group thus confirms its financial and asset solidity.
Despite challenges stemming from a decline in global demand, geopolitical uncertainties, and difficulties in the agricultural sector,
Maschio Gaspardo has steadfastly pursued its development objectives including investments in digitalization, environmental sustainability, and new industrial projects marked 2024, enhancing farmers’ productivity and strengthening the Group’s presence in international markets.
Throughout the year, the Group also expanded its direct commercial network with the opening of a new branch in Belgium and introduced the Full Line Store project—an innovative single-brand dealership model designed to provide farmers with a comprehensive, professional, and highly specialized experience. The Group reports that it remains committed to quality, reliability, and sustainability as it tackles new challenges and seizes growth opportunities.
WBD Machinery are the Irish agents for Maschio Gaspardo.
