The year 2024 marked a significant turning point for Eliche Radice, an Italian company renowned for its manufacturing of propellers, bushings, shaft lines, supports, and rudders. "From the beginning of the year, our management team set a bold goal to significantly enhance our corporate output in terms of product quality and comprehensive customer service," stated Claudia Radice, the Sales Operation Manager at Eliche Radice. "This commitment initiated a transformation process that touched every facet of our business operations. We embarked on a challenging journey of improvement that involved nearly all our business processes, leading to a substantial renewal of our internal staff, including the addition of highly skilled professionals, particularly in R&D, Sales, and Operations."
One of the key advancements has been the integration of new technologies in the manufacturing processes. All Eliche Radice products are now developed using three-dimensional modeling, a technique that refines technical solutions even before physical production begins. Additionally, the company's engineers are increasingly using Finite Element Method (FEM) and Computational Fluid Dynamics (CFD) not only in research projects but also in daily operations to optimize the quality and reliability of each product.
The focus on customer service quality has been another priority for the company. "Thanks to excellent coordination between the sales team and operations team, we can provide quick responses and continuous support throughout all stages of the customer journey, ensuring that we meet our clients' needs effectively," highlighted Radice. "This approach has made Eliche Radice an even more reliable partner for the marine industry, strengthening our leadership position in the European market."
The results of this transformation were clear: starting from the second quarter of 2024, the order book saw a steady increase, and the year ended with a positive balance sheet. In certain product lines, productivity saw an increase of over 100% compared to previous years, demonstrating the effectiveness of the strategies implemented.
Financial indicators also reflect the success of this new phase. The company's gross operating margin (EBITDA) increased by 8% compared to the previous year, while debt decreased by 14%. "All financial indicators are showing significant improvement, which will primarily allow us to invest in the research and development of new solutions," continued Claudia Radice.
With these results, Eliche Radice confirms its position as the leading provider of products and services in the marine production sector in Europe, catering to vessels ranging from small boats to superyachts. The company looks forward to the future with renewed confidence and optimism, ready to consolidate its successes and embrace new challenges. "2025 will be marked by product innovation and an increased focus on quality and efficiency," concluded Claudia Radice. "We aim to help our clients grow their business while becoming a benchmark in our sector. This growth path would not have been possible without the trust of our clients and suppliers, whom we thank for their ongoing support."
Ultimately, Eliche Radice is poised to face the future with determination, aware that innovation and operational excellence are key to sustained success in the nautical sector.
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