Strategic Investments Drive Impressive Financial Results

Beretta Holding SA, the international leader in premium light firearms, ammunition, optics and accessories dedicated to hunters, outdoor enthusiasts, and defense and law enforcement professionals, today announces significant numbers on its 2022 consolidated financial performance. Following the July 2022 acquisition of the state-owned munitions company RUAG Ammotec, the Group, which was initially born in Italy in 1526, has achieved unprecedented revenue growth and profitability, exceeding all expectations.

In 2022, Beretta Holding had an excellent year and achieved consolidated net sales of more than €1.4 billion (compared to 958 million euros in 2021) and reported an EBITDA of 286.5 million euros.

Had the Group consolidated Ammotec for the full fiscal year 2022, net income would have exceeded €1.7 billion and EBITDA €350 million.

Consolidated revenues come mainly from sales to the civil sector, representing almost 80% Despite the difficult circumstances, the demand for game products has remained strong in all the key countries where the Group operates. This sustained demand, combined with the Group’s successful acquisition of multiple contracts in the defense and law enforcement sector, has led to the Group’s manufacturing plants operating at full capacity.

In Europe, the Group posted unprecedented results, with sales exceeding 2021 by 19% Sales in Italy grew almost a 30%. After two strong years, the organic growth of the main market, North America, registered a 6% growth and represents 48% of the Group’s income.

Total sales of products not related to firearms exceeded €300 millionon twenty% of Group revenue, and recorded a growth of 8% compared to the previous year. The main drivers have been optics and apparel and accessories in defense and law enforcement.

Investments in R&D have increased by more than 25%

The Group increased its investments in 38%for an amount of €54.8 millioncompared to 33.9 million euros in 2021.

Research and development (R&D) expenses totaled €25.1 million (compared to €19.6 million in 2021). Most of the R&D activities were focused on product development and industrialization of new models, innovative solutions, and improvement of the quality and reliability of the existing product range.

The significant investments made in 2022 were directed to plants and machinery, industrial and commercial equipment, including new machines and equipment to increase production volumes of bolt-action pistols and barrels, as well as new tools for product development concentrated mainly in Italy, USA, Finland, Germany and Turkey. Additionally, investments were made to expand ammunition production capacity. Investments to increase productivity and digitization of the group’s Italian plants totaled Eur 22.8 million40% more than the 16.3 million in 2021.

The integration of Ammotec led our Group into a new era where we can fully serve our loyal customers around the world with a complete offering of firearms, optics, ammunition and accessories. This milestone is not only a reflection of our strong performance, but also a confirmation of the value we bring to the market. We will continue to invest significantly to improve the competitiveness of our products and industrial and commercial processes and always analyzing possible strategic and complementary acquisitions that can add value to our market proposals”state Pietro Gussalli Beretta pointPresident of Beretta Holding S.A.

Looking ahead, Beretta Holding remains committed to maintaining this impressive growth trajectory by investing in cutting-edge technologies, expanding its market reach, and nurturing its talented workforce of nearly 6,500 employees globally.

About Beretta Holding

Led by President and CEO Dott. Pietro Gussalli Beretta, Beretta Holding SA is the parent company of the famous Industrial Group and recognized world leader in the sector of premium light firearms, premium ammunition, optics, clothing and accessories dedicated to hunting, sports, outdoor activities, defense and law enforcement.

Beretta Holding Group is one of the oldest family-owned companies in the world, with a prestigious heritage of nearly 500 years of experience in the industry. It operates more than 15 manufacturing sites around the world and one of the most powerful distribution networks. Today, Beretta Holding Group employs 6,500 people. Thanks to the vision of the Beretta family and a global strategy, Beretta Holding Group is a truly global player with more than $1.4 billion in annual revenue, more than 50 subsidiaries and a broad portfolio of more than 20 well-established brands.