Sabaf Group has released its 2025 financial results, but this year’s numbers arrive under the shadow of profound loss. The sudden passing of CEO Pietro Iotti has left the entire organisation grieving, with emotions far outweighing the satisfaction of a positive—though complex—financial performance.
A Year of Stability and Selective Growth
Despite a challenging macroeconomic environment, Sabaf closed 2025 with revenues up 0.8%, reaching €279 million. Profitability also showed resilience:
– EBITDA rose 2.4% to €41 million, representing nearly 15% of total revenues.
– Net profit, however, declined from €16 million to €13 million, reflecting higher costs and a more cautious market.
Even with the dip in net profit, the Board of Directors expressed confidence in the company’s financial health. They intend to maintain the dividend at €0.58 per share, a signal of stability to shareholders and stakeholders alike.
Leadership Transition During a Difficult Moment
In the wake of Iotti’s passing, Sabaf has moved swiftly to ensure continuity and steady governance.
– Gianluca Beschi, previously Chief Financial Officer, will step into the role of CEO.
– Andrea Bonfadelli, Technical Director of the Gas Division and Director of the Supply Chain, has been appointed General Manager.
Both leaders are long-standing figures within the Ospitaletto-based company, and their appointments reflect Sabaf’s commitment to internal expertise and strategic continuity.
Looking Ahead
While the financial results demonstrate resilience, 2025 will be remembered as a year marked by loss. Yet Sabaf’s leadership, operational strength, and long-term vision position the company to move forward with stability and respect for the legacy of Pietro Iotti.
Tag Archives: Sabaf Group
Sabaf Group signs a strategic agreement with the Egyptian Group UGT
Sabaf Group announced its partnership with UGT , a company known for the Unionaire and Premium brands. The positive moment continues for Sabaf Group. After having presented positive half-yearly data, it begins a new phase of expansion with the signing of an important long-term agreement with the Egyptian company.
UGT is one of the leading Middle Eastern manufacturers of household appliances with headquarters in Egypt and production sites throughout the North Africa and Middle East area. In recent years it has recorded significant growth with the Unionaire and Premium brands,The agreement formalizes the supply of components from Sabaf Group to UGT. It ensures that UGT’s appliances continue to feature high-quality, reliable, and innovative elements with a clear roadmap of continuous development for the benefit of UGT’s most loyal consumers. This partnership opens the door to advance in all areas of UGT appliances such as refrigeration, heating, induction cooking developments and small appliances, ensuring UGT gets the best world-class technologies (mechanical/electronic/induction) and an ecological footprint.
Sabaf create hinge division
The three brands Cmi, Faringosi and Mec of the Sabaf Group have joined forces to create the Hinge Division of the Ospitaletto-based multinational, guaranteeing an even broader offer that aims to combine technology, efficiency and sustainability.
Unity is strength everywhere, even in the hinge sector: it improves collaboration, creates new synergies and enables the strengthening of skills. The demonstration comes from Ospitaletto, where the Sabaf Group is based. From the heart of Lombardy came the news that the well-known components multinational has decided to unite the three brands Cmi, Faringosi and Mec in a single division, the Hinge Division, in order to make the offer even more interesting for the market.
For the Brescia-based multinational, this is a truly significant strategic choice. Newly established, the Hinges Division boasts a turnover of around 70 million and already accounts for 30% of the Group’s turnover. Numbers that place it second only to the Gas Division and that allow to look to the future with optimism and confidence. In fact, thanks to the synergy of the various souls that compose it, the Hinges Division of the Sabaf Group is able to meet the demand for products throughout the world market, boasting presidia in strategic countries such as Italy, Turkey, Poland, the United States and Mexico.
Sabaf Group Acquisition
Sabaf family keeps growing! They recently completed the acquisition of 51% of Mansfield Engineered Components (MEC), a US based leading manufacturer of hinges for household appliances.
This important operation brought Sabaf to the top of the market, giving them a position of great responsibility and representing a significant milestone for Sabaf company and for all stakeholders.
MEC, as part of their Business Plan focused on expansion and diversification, will integrate perfectly with the other companies in Sabaf Group. This will allow them to greatly expand their offer of innovative products through the four key divisions: gas, hinges, electronics and induction.
WHITEGOODSNOW 