Published today on Il Sole 24 Ore the research by K Finance, Italian partner of Clairfield International, in collaboration with Borsa Italiana, on the attractiveness of Italian sectors, 2017 edition. The photograph taken by K Finance on a sample of over 49,000 companies of 17 sectors based on the 2016 financial statements reveals more dynamic, less bank-centric companies, willing to open up capital and to project themselves more and more on international markets, in other words more attractive for investors and industrial partners. Among all, technology is highlighted, followed by media and tourism. At the bottom is the food sector, preceded by raw materials.
We are now on the fourth appointment with Italian Security Leaders, Top 25, the awaited financial survey developed annually by the magazine a & s Italy together with analyst KF Economics.
It is therefore time to take stock also on the four-year plan, comparing the performance of the security sector over the entire period of time between 2011 and 2014, with a look already projected, however, on this 2015 closing. Well, while analyzing a non-brilliant four-year period for the Italian economy as a whole, the survey reveals the photographer of a now mature sector, which is growing continuously without compromising its profitability.
Here is the link to the report: italian-security-leader-top25-2015_it
The financial attractiveness thermometer rewards tourism and the leisure supply chain. The pharmaceutical sector and the media sector follow on an equal footing.
The financial attractiveness thermometer rewards tourism and the leisure supply chain. The pharmaceutical sector and the media sector follow on an equal footing. The real surprise, however, is the car, which earns the bronze medal.
Research K Finance Sole 24 Ore
Final analysis report of the Safety sector based on the 2013 financial statements
Preview report on 2013 financial statements
The magazine a & s Italy, leader in technical publishing for the security sector, in collaboration with KF Economics have drawn up the second edition of the “Italian Security Leaders, Top 25” survey. The survey shows a picture of the performance of the players who dominate the Italian security market, providing particularly important indices to frame the state of health and trends that govern a sector that, even in 2012, boasted a respectable performance.
At a glance, there is a decline in revenues compared to the excellent 2011, but this is an extremely limited value and which indeed represents the stability of the sector, especially when looking at margins. In short, even in the austerity of 2012, the companies that produce, distribute and install security technologies in many cases have had the ability to safeguard profitability. The principle that “being generalists doesn’t always pay off” was confirmed: both producers operating in multiple segments and companies with a mixed production and distribution model lose turnover and have modest profitability. On the contrary, companies focused on specific operating segments seem to bring home better results.
The distributors sector, which had recorded very sustained growth in 2011 (over 50%), slowed growth (+ 2%) while maintaining normal gross profitability (EBITDA / V around 5%);
system integrators confirm a higher profitability than distributors (around 7% as in 2011), but growth has stopped (-3% compared to 8% in 2011);
producers show a higher average profitability than distributors and integrators (we are talking about 11%, higher than 8% in 2011), but also in this case the double-digit growth in turnover recorded in 2011 has stopped (-1 %); among the manufacturing companies belonging to the sample analyzed, the segment that is most profitable is that of Anti-intrusion, accompanied by Fire Protection and Access Control. This data, partly the result of the peculiarity of the sample analyzed (which does not include multinationals, mainly dedicated to video surveillance technologies), can also be assessed in terms of the historicity of the anti-intrusion companies and greater customer loyalty; video surveillance, which had shown great growth in 2011 (over 30%), suffered a notable stop (-11%), however offset by a slight improvement in modest profitability (from about 4% to 5%). This data can also be analyzed in relation to the constant increase in the offer, which also includes operators from other sectors (IT, surveillance) and the simultaneous reduction in the costs of the units sold, especially for new generation technologies (IP video); access control, which had a high profitability (10%) but did not grow, in 2012 instead grew (+ 10%) but at the same time lost a lot of profitability (3% in 2012).
The financial solidity of the companies collected in the sample confirms that also in 2012 the security sector was able to express average values of absolute excellence compared to the manufacturing industry average. From this point of view, producers are the segment that generates the most value, compared to distributors and system integrators, while producers / distributors have a considerable solidity / rating but a lower average financial value index.
Download the full report here: TOP 25_AS_24_13
Italian Security Leaders, Top 25: a survey by a & s Italy and KF Economics previewed at SICUREZZA
MONZA / REGGIO EMILIA – The a & s Italy magazine, leader in technical publishing for the security sector, in collaboration with KF Economics of the K Finance Group, an important Italian company that carries out financial market analyzes, M&A and credit management, have drawn up the first “Top 25” of the protagonists of the Italian security market.
The survey shows, for the first time from a journalistic point of view, a picture of the performance of the players who dominate the Italian security market, providing particularly important indices to frame the state of health and trends that govern the sector.
Although it is characterized by important performances and an interesting resilience to the crisis, the Italian security sector has never been the subject of particular attention by the main market analysts.
The magazine a & s Italy, the undisputed leader in the technical press of the sector, has so far made up for this gap through the publication of surveys and reports, but this year it has chosen to make a qualitative leap. In the wake of a consolidated tradition in group publishing policy with the annual publication of the Security Top 50, dedicated to global leaders, a & s Italy has decided to draw up its own “Hit” of the players who dominate the Italian security market.
A complex and delicate job, which required reading the sector in partnership with an accredited company in the field of financial market analysis, M&A and credit management: “For this we relied on KF Economics (K Finance Group), a partner of absolute authority with which we share values, vision and strategies ”- declares Andrea Sandrolini, CEO of Ethos Media Group – publisher of a & s Italy.
The result of this partnership is a penetrating analysis of the reference market, full of ideas and reflections. It is called Italian Security Leaders, Top 25 and examines the financial results of the companies in the operational macro-areas that make up the Italian security supply chain (producers, distributors and system integrators), without neglecting the peculiarities of the sector, such as the mixture of producers / distributors or the presence of multinationals where security is only a business unit.
The first objective of the survey: to give a perimeter to the Italian security industry by skimming everything that goes beyond security or serves as a mere technological or commercial offer. A high-risk job, but which for the first time aims to measure the performance and profitability of a sector that is difficult to classify, with the aim of evaluating costs and revenues, employment stability, ratings, trends and consolidations.
The awareness of the peculiarities of the Italian security market compared to other supply chain systems – Italian and foreign – required delicate field choices and a heavy assumption of responsibility on the part of the analyst: “Working with a magazine of the caliber of a & s Italy it has allowed us to move with confidence within an extremely dynamic and constantly evolving sector, and also for this reason of particular analytical-computational complexity ”- declares Paolo Lasagni, CEO of KF Economics.
The result was a survey that shows, for the first time in a journalistic key, a picture of the performance of the leaders who dominate the Italian security market, providing particularly important indices to frame the state of health and the trends that govern the sector.
Discover it in preview at the SICUREZZA fair on November 7, 2012 at 2.30 pm (IP Security room, Pad. 1 – N21-P28): you could also be among the Top!
Download the full report here.