SCARPA grew (+26%) in 2022 and is now thinking about acquisitions

SCARPA grew (+26%) in 2022 and is now thinking about acquisitions

SCARPA grew in 2022 and is thinking about expanding its range of action through acquisitions. Società Calzaturieri Asolani Riuniti Pedemontana Anonima closed its last balance sheet with revenues close to 170 million euros. That is +26% over 2021, and +100% over 2016. Production came to around 2 million pairs, 85% of which go across the border. “There is room for growth,” says Sandro Parisotto, CEO of the shoe factory based in Asolo (Treviso). The entrepreneur is thinking of a further development phase through the shopping of non-footwear activities.

Non-shoe acquisitions

“There is no huge visibility on target companies, that is, with brands and production controlled directly, as in SCARPA’s DNA. And if anything, we should reason on how to make critical mass, with independent brands but active in neighbouring sectors and not in footwear,” Sandro Parisotto explains to Corriere della Sera. So, in addition to the company’s organic growth, an external contribution could come from an acquisition in “neighbouring” sectors, such as clothing or technical accessories.

SCARPA grew in 2022

The entrepreneur himself is confident and optimistic about both the market in general and the company he heads. So much so, that he has increased the collection from 10-20 models to 30-40 new products, with the aim of expanding sales. The company invests about 5% of its turnover in innovation. Among the strategic decisions that contributed to the company’s growth was the one taken in 2016 to relocate production to Serbia and Romania. Then, the entry of former Geox manager Diego Bolzonello in July 2018. This is also why an increase in sales (+26% over 2021) also came with an increase of around 18% in profit.

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