St Powder Coatings join the club together with other 22 Italian companies representing different sectors and coming from 6 different Italian regions, bringing to 582 the total number of ELITE companies in 26 different countries.
The ELITE Project was founded in 2012 on the Italian Stock Exchange with the goal of supporting small and medium-sized Italian companies in the process of growth and opening up to foreign markets. It was born from the collaboration with both national and European institutional and corporate partners, among which: The Ministry of Economy and Finance, Abi, Confindustria, Bocconi University Milan and Academy of London Stock Exchange Group.
ELITE Project is reserved for selected and highly potential companies: this confirms the solidity of the business model and strategy developed by the St Powder Coatings Group.
As a matter of fact, in order to participate the ELITE Project, companies must meet the key requirements including strong growth orientation, an operating result as a percentage of revenue greater than 5%, the latest balance sheet registered in profit and a minimum turnover of 10 million Euro.
Conditions, fully respected by St Powder Coatings, which closed the 2015-2016 fiscal year with a turnover of over 30 million Euros, an Ebitda of 18% and a net profit of Euro 2.3 million. Since years now, the company is working hard and significantly on a growth and internationalization plan that has led it to export almost 50% of its sales.
From this point of view, accessing the ELITE Project is a further step forward because, since the beginning, it is part of a dedicated environment that gives access to numerous networking opportunities as well as an integrated service platform consisting of industrial, financial and organizational skills that can contribute to the company's managerial and organizational development.
St Powder Coatings, with the ELITE accreditation, will be able to exhibit its quality seal that once again qualifies it as an excellent company in the international landscape of powder coatings.
These are the words of Marco Zadra, C.E.O. of St Powder Coatings S.p.A. during the Gala dinner at Borsa Italiana headquarters: "We are pleased that the efforts made in these years have been awarded by Borsa Italiana: the admission to ELITE Project is for us a stimulus to continue the work done until now towards a continuous customer service improvement ".