The Fayat Group is benefiting from a strong financial performance with turnover reaching €4.6 billion for 2021. This represented an increase of 12.5% over the figures from 2020, showing a return to the level of turnover last seen in 2019, prior to the pandemic.
However, operating profit for 2021 reached €235 million, a healthy increase of 39% from the figures for 2019 and a jump of 80% over the results for 2020. Net income for 2021 was €140 million, compared with €71 million in 2020. Shareholder equity grew to €1.5 billion, a jump of 11.4% compared with 2020.
The Fayat Group has a presence in 170 countries around the world and has a total workforce of 21,666 but relies heavily on the French market, which was responsible for 61% of its total turnover in 2021.
The Fayat Group has further widened its portfolio with the addition of the Italian sweeper business, Dulevo International, to its Road Equipment division as well as French integration and digital flow firm, NXO, to its Energy Services division.
The performance of its contracting operations and other segments of its Road Equipment business, such as the Marini asphalt plant operation, has also been extremely strong.