Behind the Scenes of Tecnottica’s Success and What to Expect for 2024
Tecnottica, a leading company in the Optics sector for Industrial, Imaging, Lighting, Biomedical, and Aerospace applications, is thrilled to share the outstanding results achieved in the past year.
The year 2023 marked a period of significant growth for Tecnottica, reaching €7.1 million, a substantial increase from the €6.3 million recorded in 2022. A growth of +12.6%, reflecting the effectiveness of the company’s strategy and confirming its strength and competitiveness in the national and international landscape.
At a National level, the customer base remains stable, but there is an increase in orders and a revenue growth of +7.3%. On the contrary, the International market significantly contributed to the company’s success, reaching €3.2 million in 2023, a +20% compared to 2022. This reflects the recognition and appreciation of the products and services offered by the company globally.
The foreign Countries that have contributed most to this success are the German market, which remains a crucial part of the export with a solid share of 25%; France and the United States, continue to be key markets, representing respectively 21% and 15% of the total export revenue.
Geographical diversification has been essential to capitalize on emerging opportunities, allowing the company to expand its presence in other countries, where the demand for precision optical solutions is constantly growing. Israel, Norway, Lithuania, Switzerland, and the United Kingdom have more than doubled their share of foreign revenue compared to the previous year. Japan, Belgium, Spain, Bulgaria, and India, new markets recently approached by the company, already account for 9% of the export and indicate further growth prospects in 2024.
These results are the reward for the efforts of the entire Tecnottica’s team, the continuous commitment to an excellence production, the maintenance of quality standards, the constant innovation, and the ability to adapt to the changing needs of the markets.
Products and Sectors driving the Growth
Tecnottica’s products that played a key role in driving this growth are the Coating and Precision Optics for the Aerospace sector.
First and foremost, Coatings have contributed to the growth of the Lecco-based company, that in 2022 allocated over €1.5 million to establish a new highly specialized in-house Coating Department. The new facility, located in Scandicci (FI), not only increased the Coating revenue, but also enhanced the quality of surface treatments, thanks to a greater control over the production process, and a significant reduction in delivery times that increased customer satisfaction.
Among the sectors that experienced the most significant growth there is Aerospace, affirming Tecnottica’s commitment to provide high-quality solutions for critical environments.
In 2023, as part of its Sixty-Fifth Anniversary, the Company invested in machinery for the production and for the rigorous testing of Optical Components subjected to extreme environmental conditions, responding to the growing needs and specific challenges of customers in this sector. This focus lead Tecnottica to foster a close collaboration with leading companies in the industry.
The investments made in recent years have translated into a remarkable expansion of Tecnottica’s production capabilities, contributing to the increase in revenue. This result not only reaffirms the company’s prominent position in the Optical industry, but also emphasizes its ability to innovate and adapt to evolving market demands and its commitment to customer satisfaction.
Ambitious Projections for 2024
Looking towards the future, Tecnottica has ambitious plans for 2024, aiming to solidify its position in key markets and pursue even greater growth.
The Corporate Strategy aims to strengthen its presence in the Italian market. Exciting opportunities on the horizon include participation in significant Aerospace projects with prestigious partners in our Country. These collaborations would lead to an increase in both domestic market revenue and Space sector activity.
The Manufacturing Department also aims to affirm and expand its presence in international markets by diversifying the geographical origin of customers; to mitigate fluctuations of individual markets.
The Coating department is set to triple its revenue compared to the previous year. The order portfolio acquired by the end of February 2024 already surpasses the entire revenue of the previous year.
Thanks to recent investments in new 5-axis CNC machines, Tecnottica forecast to operate on new product lines by the end of the first semester, facilitating the entrance into new areas, particularly in the European and U.S. markets.
Anticipating innovations set to be unveiled in 2025, the company plans to undergo a restructuring of its facilities, that includes a significant expansion of the warehouse, production department, the renovation of offices and the employment of new skilled workers and interns.
“It is an extraordinary period for Tecnottica, and we are thrilled to share our success with the world. Our growth demonstrates global recognition of the quality and innovation that characterize our products. Looking ahead to 2024, we are determined to exceed our own expectations and continue providing cutting-edge Optical Solutions to meet our clients’ most complex challenges.” – Angelo Fasoli, Chief Sales Officer of Tecnottica Consonni S.r.l.
Tecnottica is committed to maintaining high-quality standards, developing further strategic partnerships, and remaining a reference point in the global Optical industry. The company is thankful for the trust of its customers and business partners, ad wish future full of success and innovation in the field of Precision Optics, contributing to technological progress, particularly in the Aerospace sector.
Photo credits: Louis Hansel on Unsplash