Aspen Institute Italia fileSocieta' Prodotti Antibiotici Staff International Tamini Trasformatori Tecnoforge Tesmec Tessitura di Robecchetto Candiani Thun Tod's Uniflair Unigra' Union

I punti di forza e di debolezza dell’Italia

I punti di forza e di debolezza dell’Italia | Giugno 2010 | 0

Aspen Institute ItaliaStudy conducted by:

Servizio Studi e Ricerche, Intesa SanpaoloIMT Alti Studi Lucca

National Interest Project, June 2010

Excellence in industry

The showcase of excellence


Methodology

Closed sample of manufacturing Italian-owned companies with turnover over 50 M €with available financial statements for 3 years: 2006-08.

Identified the best 100 companies (relative to the sector median) out of about 2000as regards:

Rate of growth in turnoverProfitability

Ebitda/Turnover (positive ROI and ROE in the 3 years)Leverage

These firms were then analysed according to three strategic fundamental assets: innovation and value of patent rights, degree of internationalisation,

brand value. Using this procedure, 20 best-in-class firms were identified.

A similar approach was followed for the 40 best foreign-owned companies.




Most of companies initially identified are located in Northern Italy, in particular in the North West. Among Italian-owned firms, many belong to industrial districts

High territorial concentration

74

2638

20

1020304050607080

Non district f irm District f irm

Italian-owned Foreign-owned

36

49

105

10

26

40

102030405060

NorthEast

NorthWest

Center South





Italian-owned companies are concentrated in “traditional” sectors, while foreign-owned companies are concentrated in “scale intensive” sectors. “Specialised

supplier” sectors are well represented too, in particular in the mechanical engineering .

Traditional sectors leading

0%

10%

20%

30%

40%

50%

Sciencebased

Specialisedsupplier

Scaleintensive

Tradit ional


2

4

4

5

6

6

7

8

11

14

16

17

4

3

4

0

2

2

2

3

8

2

6

4

0 5 10 15 20

Oil prods,rubber&plastics

Paper,printing&publishing

Electronics&elec.eng.

Non-metal mineralprods

Food&beverages

Furniture&othermanuf.

M etallurgy

M eans of transport

Chemical

Fashion

M echanical eng.

M etal prods

Foreign-owned

Italian-owned



A.E.B.Acciaieria Fonderia Cividale

AdigeAermecAgustaAlessi

Alfa WassermannAlma Petroli

AlupressArcturus

Artsana SudAsfo

Aso SiderurgicaBaldininiBaraclit

Benelli ArmiBeta Utensili

BresiCasagrande

Casalgrande PadanaChiesi Farmaceutici

ChimecCoop Ceramica d'Imola

CovemeCrivelli

DiasorinElettromeccanica

EssecoEuroricambi

Faber IndustrieFerrari

Firema TrasportiFIS Fabbrica Italiana Sintetici

FomasFontana Luigi

Forge Monchieri

OfarOfficine Ambrogio Melesi & C.

Olifer Acciaierie Cividate al PianoOMS Saleri

Over MeccanicaPadania Alimenti

PerarPetrolvalvesPomellato

ReclaRigantiRingmill

RolfoRossi Motoriduttori

SabafSaipem Energy Services

SanlorenzoSanta Margherita

SBE Societa' Bulloneria EuropeaSeda Italy

SMS DemagSocieta' Prodotti Antibiotici

Staff InternationalTamini Trasformatori

TecnoforgeTesmec

Tessitura di Robecchetto CandianiThunTod's

UniflairUnigra'Union

VibramVitale Barberis Canonico

Zeis Excelsa

Forgiatura A ViennaForgiatura Morandini

Franchini AcciaiGalbusera Dolciaria

GeoxGessiGetra

Global sasIndustrie Borla

IntaiIstituto Poligrafico E Zecca

ItalfondKartell

KedrionKerakoll

Landi RenzoLanificio Ermenegildo Zegna

LaterliteLaverda

Legnano Teknoelectric CompanyL'Erbolario

LitalLiu.Jo

Loro PianaLucchini Sidermeccanica

MaitMangiarotti

Media ProfiliMetalcastello

Metallurgica SiderforgeMetalsistem

MiniconfMirage Granito CeramicoModa Sourcing Company

MollaMontenegro

Italian-owned companies



2Image and brand value

3Innovation and patent value

Companies and sustainable competitivenessDeterminants of industrial excellence

1Internationalisation and FDI

4Persistency of leadership (presence of companiesin the various editions of this survey)



INDUSTRIAL EXCELLENCE IN ITALYThe best-in-class firms

Innovation Image Internationalisation

Agusta

Ferrari

Geox

Tod’s

Chiesi

Vibram

Loro Piana

Alfa Wassermann

Zegna

Diasorin

Pomellato

Laverda

Benelli

Landi Renzo

Alessi

Casagrande

Uniflair

Ceramica d’Imola

Tesmec

Kartell



INDUSTRIAL EXCELLENCE IN ITALYThe persistence of best-in-class firms

Innovation Imege Internationalisation Persistency

Agusta ***** **** ***** ****

Geox **** ***** **** ****

Tod's ***** **** **** ****

Chiesi **** **** **** ***

Illy Caffè **** ***** *** ***

Zegna ** **** ***** ***

Luxottica *** ***** *** ***

Loro Piana *** *** **** ****

Technogym ***** *** *** ***

Pomellato ** **** **** ****

Thun ** *** **** ****

Ferrari **** ***** * **

Vibram **** ***** * **

Kartell *** ** *** ****

Casagrande **** * **** ***

Kerakoll * **** **** ***

Alessi ** **** **** **

Camozzi ** *** **** **

Liu.Jo * **** *** ***

Benelli *** **** ** **



3 listed on the stock exchange: Luxottica, Geox, Tod’s

3 controlled by business groups:Ferrari-Fiat, Agusta-Finmeccanica, Benelli-Beretta

6 localized within industrial districts

8 incorporated between the early ‘900 e the ’40s;8 in the ’60s; 4 after1980

75% family-owned

Dominance of “made in Italy“ sectors:Textile, Apparel, Means of transport, Food,

Mechanical engineering, Shoes, Jewels, Furniture

Location: North, Centre-North

INDUSTRIAL EXCELLENCE IN ITALYThe persistence of best-in-class firms

CHARACTERISTICS



INDUSTRIAL EXCELLENCE IN ITALYFar from major urban centres

and from infrastructure and transport networks


I punti di forza e di debolezza dell’Italia | Giugno 2010 | 10* Fonte: banca dati AIDA Bureau Van Dijk

The positioning of foreign firms present in Italy was analysed on two fronts: value added per employee and job creation

The ranking by productivity has been computed relative to the sector median in the year 2008

The ranking by job creation has been computed in the 2006-2008 time span

INDUSTRIAL EXCELLENCE IN ITALYForeign-owned companies

Productivity and employment



INDUSTRIAL EXCELLENCE IN ITALY Foreign-owned companiesProximity to major urban centres

Documents

Aspen Institute Italia fileSocieta' Prodotti Antibiotici Staff International Tamini Trasformatori Tecnoforge Tesmec Tessitura di Robecchetto Candiani Thun Tod's Uniflair Unigra' Union