Today we were featured in the Messaggero Veneto newspaper, the most important in Udine, with an article about our 2019 P&L statement audited by PricewaterCoopers.

Profits and turnover continue growing, and during the first half of the year the order entry was in line with the 2020 budget forecast.

ThermoKey continues to grow: 2019 budget figures enable us to look at the future with confidence

TK bilancio 2019 - Dati infografica-01

These are very positive figures for Thermokey, a leading Friulian company in the design and the manufacturing of solutions for thermal exchange, which approves the 2019 financial statement with revenues of almost 33 millions, observing an increase of 11.6% compared to the previous year, with an operating margin of the characteristic management more than doubled (x 2.65).

ThermoKey consolidates the results of the plan started at the inauguration of the new management at the end of 2013 with CEO Giorgio Visentini and general manager Giuseppe Visentini.

“We are working in the right direction and this is clear when looking at the steady improvement of results, from 2014 to nowadays. In particular, the improvements in 2019 make us look at the future with confidence – says engineer Giuseppe Visentini – despite the uncertainties due to Covid-19 on the Italian and European economy”.

The Rivarotta di Teor (UD) company with 100% technology made in FVG exports to more than 50 countries and in 2019 achieved a 42% increase in non-European sales.

“We continue to believe in the company and – comments Eng. Visentini – to invest in its development: in 2019 we invested 2.6 millions and in 2020 we have an investment plan for a total amount of over 4 millions”.

“There is no possibility to predict the future but in this emergency – concludes Visentini – ThermoKey’s decision to produce almost all components internally and to closely work with its suppliers in the area, proved crucial to ensure a good level of service to its customers with the quality of made in Friuli; the company’s priority, in line with our business goals, is to continue to grow and innovate securing over 170 job places.”

For further information:

Lorenza Masè

Press Office
+39 3495354888