Numbers
Constant growth
Below are some figures that demonstrate GSA’s financial strength:
- Revenues of approximately 130.0 m Euro, up more than +42% over 31 December 2019, 5% of which are earned abroad (Europe and Switzerland);
- Between 2016 and 2020, GSA recorded significant growth rates, with a compound annual growth rate (CAGR) of 17%;
- The company’s equity is worth 50.7 m Euro, stemming from the constant reinvestment, over the years, of corporate profits and from the capital increase resulting from the fact of Armònia Sgr, a leading private equity operator, becoming the majority shareholder of GSA;
- Net financial position of approximately 29 m Euro as at 31 December 2020;
- Important new multi-annual contracts signed in 2020, both at the national and at the European level, have contributed positively to GSA’s order portfolio.
Financial strength
Orders are executed directly using the company’s own financial means, only occasionally making recourse to bank credit. GSA’s consolidated financial strength and creditworthiness are also due to the following:
- Over the years, the company has always recorded positive financial results and cash flows;
- Exposure to bank credit is very low and the leverage (net debt-to-EBITDA) ratio is close to one;
- The company has taken out credit lines to support the working capital, which credit line can be used in the event of a temporary financial need;
- Despite the company’s ongoing growth, the financial cycle of its working capital is generally positive.
GSA in numeri
Read also
The Group
Strengths
The GSA universe
Certifications
The Group
GSA is an engineering services corporation that has earned a leading position in the provision of fire services, fire engineering, emergency management and advanced training, as well as historically delivering first-rate facility services.
READ MOREStrengths
GSA is an international leader in terms of the quality of its services, technologies and solutions in the field of fire systems and services. In particular, the company boasts strategic contracts at the European level in road infrastructure and in the field of fire safety in the health sector.
READ MOREThe GSA universe
The GSA offering is split into three divisions: Safety, Academy and Facility. The secret to GSA’s success lies in the ability to operate as a global service provider, offering an absolute guarantee of high quality levels.
READ MORECertifications
GSA has been certified by Notified Certification Bodies, in line with the company’s policy of continuous improvement, and adopts an Integrated Quality, Environment, Safety and Social Responsibility Management System, in the broadest sense of the respective terms, in compliance with international standards.
READ MORE