Dear shareholders,
What we are living through is certainly an important historical moment, one of great political, economic, and technological transformations. A time in which all of us – as citizens, as workers in industry, as entrepreneurs or investors – are being ouched by change every day. In 2024 several scenarios shifted – politically, socially, and economically – with a major impact on the markets we compete in throughout the world. War fronts, rising energy costs, and now the establishment of protectionist policies have affected our market specifically. The choice is ours, whether to face this changing world with fear and bewilderment or to see the era we are living in as a time of opportunity, especially for those who, like us at Comer Industries, are aware of their own resources and pace. We are a living entity, an ever-evolving organization whose recent history and solidity of numbers lead us to look to the future with “rhythmic optimism,” the rhythm of the machinery in operation, management, engineers, and workers who engage in industrial processes every day. Looking at the results of a year, which was also our first among the companies on the main list of the Italian Stock Exchange, I can say that notwithstanding a slowdown caused by the negative evolution of the market we operate in, thanks to our vision and our ability to adapt to global challenges we still managed to solidify our market positioning. In fact, despite the current situation of our market and the slowing international economy, we have managed to maintain our company’s profitability at the historical highs of 2023 by acting promptly, effectively and efficiently throughout the value chain. And without losing sight of – indeed reviving – our long-term investment strategy, as evidenced by the purchase of the new production plant in North America. We are confident about the future. Our path is driven by passion, commitment, and the relentless pace that allows us to meet every challenge. The people who are part of Comer Industries have proven to be our true strength, having also to deal with the difficulties of our times on a personal level. Each of them is a heartbeat that helps to create the Company’s future, support the local community, ensure the safety of our workplaces, and the success of our investment projects. Ours is a future that is built with determination, energy, and continuity. Every day, every machine, every heartbeat contributes to an ecosystem that not only produces, but that constantly grows and renews itself. Our goal is to continue working at the same pace that has always set us apart from the rest, maintaining our vision, our passion for innovation, and our commitment to the future. Our path is one of a Company that has built its solidity and international credibility one step at a time. Focused on today, but looking ahead to tomorrow.