RINA, a prominent global engineering and certification firm, reported strong financial results for 2024 during its recent shareholders’ meeting. The company achieved revenues of €915 million and an EBITDA of €138 million, marking increases of 15% and 22% from the previous year, respectively. The EBITDA margin improved from 14% to 15%, and net profit more than doubled to €30.4 million, while financial leverage decreased to around 1x.
The positive trend continued into Q1 2025, with revenues reaching €235 million, a 12% rise compared to the same period in 2024. Additionally, RINA secured new orders worth approximately €366 million, reflecting a 16% year-on-year increase.
RINA is also advancing its strategic plan for 2030, focusing on innovation and digitalization. The launch of Open Innovation Hubs, starting with one in Singapore, aims to turn research into practical applications for clients. The AI Factory initiative will enhance internal processes and develop a high-tech service portfolio.
CEO Carlo Luzzatto expressed satisfaction with the 2024 results, emphasizing the company’s commitment to blending human expertise with digital capabilities to meet evolving market demands amid global uncertainties.
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