ROME (ITALPRESS) – SACE’s Board of Directors has approved the draft annual financial statements and the 2024 consolidated financial statements, confirming the positive performance of SACE’s activities and exceeding the targets of the 2023-2025 Business Plan. In a complex economic environment marked by uncertainty and rapid scenario changes, SACE consolidated its role as a partner for the growth of Italian companies and the Country System by strengthening its commitment to support projects and investments in Export and Innovation. In 2024, SACE mobilized 58 billion euros (+6% compared to 2023) and supported about 60,000 companies (+20%).
A result that raises SACE’s total interventions since the beginning of the 2023-2025 Business Plan to 113 billion euros, generating an impact of 280 billion euros on the production system, helping to create and maintain more than 1.5 million jobs. “The results of 2024 confirm SACE’s role as a strategic partner for the growth of Italian companies and in support of the competitiveness of the Country System,” said Alessandra Ricci, CEO of SACE. “We have identified two fundamental levers for growth: increasingly incisive innovation, which allows companies supported by SACE to be more agile and competitive, and a push for internationalization, which opens new horizons for Made in Italy in high-potential markets. Our mission is to support companies in their investments and projects along these two strategic lines of growth. With our intervention we want to be the fulcrum on which companies can leverage for their development, to build a solid and lasting growth path and to seize all the opportunities offered by the domestic and international markets.”
For nearly fifty years, SACE has accompanied companies in Italy and around the world with a range of insurance-financial solutions to support their growth projects, multiplying development and business opportunities. “Your Growth. Anywhere. Anytime” is SACE’s new value proposition that reflects its desire to offer timely solutions, able to respond effectively to the challenges of the future and the evolving needs of companies, supporting their development plans with a widespread sales network.
SACE’s intervention alongside companies follows the GROW model that integrates financial, insurance and business development tools to accelerate growth: from guarantees and liquidity (G) that improve access to credit and financing needed to make investments in Export and Innovation; to risk protection management (R) with insurance tools dedicated to traditional risks, such as trade credit insurance, to emerging risks, such as catastrophic risks; up to pioneering new opportunities (O) through business matching and activities that facilitate the meeting between supply and demand; all with Worldwide (W) solutions that accompany the growth of companies in Italy and in about 200 countries around the world.
Support for Innovation and Domestic Investment. During the year, SACE mobilized 23.3 billion euros to support the growth projects of Italian companies in Innovation understood in the broadest sense, which includes technological and digital innovation, investments in sustainability, efficiency and climate adaptation, infrastructure and strategic projects, and expanding the number of reference supply chains. This support has also been made possible thanks to the 11 SACE offices located throughout the country and a strengthened network of professionals offering on-site support to Italian companies.
Export and Internationalization Support. In 2024, SACE mobilized 34.7 billion euros to support export projects and internationalization investments of Italian companies. The Push Strategy program, through which SACE opens new business opportunities by guaranteeing credit lines to leading foreign buyers who commit to consider Italian supplies for the realization of their investment plans, reached 9.7 billion euros. Creation of opportunities. During the year, SACE facilitated meetings between Italian companies and leading foreign buyers through intensive Business Matching activities. A total of about 80 B2B meetings were organized for a total of 3,200 Italian companies, involving different strategic supply chains for Made in Italy (from food to agribusiness; from energy to waste&water treatment; from mechanics to automotive…).
In 2024, SACE’s international network was strengthened, which now has 14 offices in target countries with high potential for Made in Italy, including the United Arab Emirates, Saudi Arabia, Turkey, Vietnam, Singapore, Brazil, Mexico and Colombia. Not forgetting the Offices on the African continent (Rabat, Cairo and Johannesburg) that play an important role in the implementation of the Mattei Plan. In 2024, 1.5 billion euros were secured for projects in this region, generating a total value of 13.5 billion euros in investments and creating more than 18,000 new jobs.
The effectiveness of the service model is also confirmed by the 4.5% increase in the Net Promoter Score index, with which SACE measures and monitors corporate client satisfaction and customer experience. In 2024, consolidated gross profit stands at 789 million euros (+25% compared to the previous year), exceeding Plan targets, thanks to improved portfolio riskiness, effective cost management, positive recovery actions on political and commercial receivables, and increased investment management result (amounting to 519 million euros, up significantly from 282 million euros in 2023).
In 2024, SACE also confirms an incremental level of efficiency by reducing costs relative to the managed collateral portfolio by 12 percent. In addition, thanks to process reviews, investments in technology and the widespread adoption of Artificial Intelligence, SACE’s productivity has increased by 26%. Consolidated net income: 558 million euros (up 18% from 2023). Shareholders’ Equity and Technical Reserves: SACE confirms a solid capital profile with Shareholders’ Equity of 5.6 billion euros and Technical Reserves of 3.4 billion euros.
– Photo Press Office SACE –
(ITALPRESS)
