Dils approves 2021 financial statements with record results: revenues exceeding €50 million, almost double the previous year
Growth trend confirmed in q1 2022
The internationalization process has begun
Dils Shareholders' Meeting recently approved the 2021 financial statements, which recorded revenues of over €50 million, almost double the €29 million recorded at the end of 2020. The company, led by CEO Giuseppe Amitrano, thus achieved the best results in its history, accompanied by an EBITDA of almost €26 million, a strong improvement on the previous year.
Among the main factors contributing to growth have been the investments made in technological and digital innovation and an additional strengthening of the organizational structure, which has 150 professionals with an average age under 40 (one in five is under 30) and a substantial balance between the number of women (45%) and men (55%) present in the company.
According to data from the Dils Research Team, in 2021 the company was involved in deals in the commercial sector for about €3.3 bn, equal to one third of the total volume invested in Italy, and closed lettings on over 900k sqm of GLA including offices, logistics and retail.
In the residential sector, over 900 units were sold by Dils in 2021, equal to about € 500 million transacted, an 85% increase from 2020. In the last 12 months, the Living and Residential department consolidated with significant growth of the Milan team, and commenced activity in Rome. By the end of the year a further 11 new developments will be launched onto the market.
Growth trends were also confirmed in Q1 2022, when the total volume stood at €3.4 bn, an 159% increase compared to Q1 2021. In particular, with €1.3 bn invested the office sector is once again the first asset class – with Dils accounting for approximately 47% of this total volume – followed by Logistics and Living.
The first quarter was also characterised by the start of a process of internationalisation involving the opening of new operating offices in France, Spain, Portugal, Germany, the Netherlands, Poland, and the United Kingdom, with the aim of exporting the vision and distinctive business model successfully developed in Italy to other markets.
Giuseppe Amitrano, CEO of Dils, commented “We are proud of the results achieved in a year of extraordinary importance for the history of our group. We can now look with even greater determination at the challenges that await us in 2022, strong from these very positive initial months of the year and thanks to the vision which has proven us to be successful and resilient, even within a profoundly changing macroeconomic context."
In 2021, the company celebrated the fiftieth anniversary of its foundation and this has been a year of extraordinary renewal and transformation. In November the entry of Redeal, a special purpose vehicle formed by H14 of the Berlusconi family, into the capital was announced, involving some important Italian and international family offices and entrepreneurs in the investment. Among these are the Marzotto family, the Doris family, the Alessandri family and the de Brabant family.
The following month, the new name (Dils) and logo were presented. This turning point in the company's history was preceded by the ‘It's time to imagine your future space’ communication campaign, which aimed to raise public awareness of the importance of imagining and reflecting on the spaces of the future, as part of the process of urban regeneration that contributes to making cities more sustainable and inclusive, first of all Milan. For the occasion Dils asked five well-known Italian artists - Nico189, Ale Giorgini, Antonio Sortino, Carlo Stanga and Emiliano Ponzi - to express their vision of the spaces of the future with illustrations that were displayed in Milan, on maxi billboards, on the facade of the building in Piazza Diaz 7 where the company's headquarters are located.
The illustrations created for the communication campaign are the subject of a travelling exhibition which, after Milan and Rome last year, will stop in Naples (Palazzo Reale) in May and then continue to other Italian cities.