According l '2022 edition of TOP500+The project research and analysis economic-financial of the 800 largest companies by turnover, made by Assolombarda Study Center, province of Monza and Brianza the second province (after Milan) in Lombardy is confirmed for business investment in research and development with over 750 million euros.
2022 has been a year of growth for businesses with the 75% of these that he expects to close the year with a increase in turnover compared to 2021 (it was 66% in last winter's survey) and over a quarter expect an annual increase of more than +20%. 15% of companies, on the other hand, will close 2022 in line with the previous year and 10% will decrease (-7% in 2021). In terms of margins, 39% of Brianza companies expect a growing Ebit this year, 34% stable despite the increase in production input costs and 28% eroding. The GDP of the Monza economy, thanks to rebounds in added value of +7,3% in 2021 and +2,5%, in 2022 it will recover the heavy -8,6% recorded in 2020 during the pandemic recession.
Monzamoreover, it ranks second in the region, after Milan, for the absolute value of loans Horizon 2020 won, with 77 million euros (7% of the Lombardy total): 97% of the beneficiaries are companies (against a Lombard average of 45%, where the private sector is accompanied by the equally important role of universities), 2% private non-profits and the remaining 1% research centers and public institutes.
Le 800 largest companies which are included in the Top ranking have revenues for 2021 ranging from a minimum of 10,2 million to a maximum of 4,7 billion euros, totaling a total turnover that reaches 60,3 billion. The ranking is full of records: well the 92% of companies are profitable in 2021, the median ROE is outstanding at 12,4%. More than half of the turnover of the 800 companies is concentrated in the first five centres, namely Monza, Vimercate, Agrate Brianza, Cesano Maderno and Lissone.
In 2022, the Brianza manufacturing sector saw a first quarter still showing sustained growth and a second quarter on the increase, albeit at a lower intensity than in previous periods. Production levels were thus higher than pre-pandemic levels by +13,1%. In the first six months of the year, Monza companies also recorded a new maximum in exports of 6,4 billion euros, with an increase driven above all by metals (+23,5% trend exports in the second quarter of 2022), from chemicals (+18,8%), from pharmaceuticals (+18,5%), from furniture and other manufacturing (+13,6%). Mechanics (-5,2%) and automotive (-3,7%) were down, the only sector still lagging behind in 2019.
Worsening forecasts for 2023
After a positive 2022 and back above pre-pandemic levels, the forecasts for 2023 are worsening. In Monza and Brianza the GDP is estimated to drop by -0,4% next year, as a result of a contraction in the added value of both industry (-1,2%) and services (-0,5%) and agriculture (-9,2%) against an increase in construction (+4,2%). The expectations for the territory are more negative than those for Lombardy, where growth of +0,3% is expected. The Brianza economy is most affected by the higher input prices and the international slowdown. On the other hand, the estimates referring to provincial employment are stationary.
For 2023, the share of companies in Monza and Brianza that expects an increase in turnover drops to 47%, 33% indicates stability, suggesting caution and uncertainty with respect to the evolution of the local and international context, 20% instead expects a turnover in decrease.
For about 90% of companies, the raw materials and energy remain the most significant risks. Compared to 2022, however, the perception of the risk for energy prices intensifies, which for 77% of companies is 'high' in 2023 compared to 61% in 2022. Instead, the risks due to bottlenecks in production inputs are easing: in 2023 'high' risk for 53% of companies, 61% in 2022.
Also growing is the fear of insufficient demand, consistent with scaled-down global growth estimates. For 73% of companies it is a 'medium-high' risk, as is the risk for financial constraints, indicated by 56% of companies.
The Top10: The best companies in the ranking
The total turnover of the companies in the ranking reaches 60,3 billion euros and the operating result, in algebraic sum, amounts to 2,8 billion euros.
In the 2022 edition the top 10 companies in the ranking confirmed their positioning compared to last year, increasing turnover. In detail, the number of companies with a turnover exceeding one billion euros has increased to eight (two more than in the previous edition): in order, Esprinet SpA (Vimercate), Mediamarket SpA (Verano Brianza), BASF Italia SpA (Cesano Maderno), STMicroelectronics Srl (Agrate Brianza), Candy SpA (Monza), Decathlon Italia Srl (Lissone), SOL SpA (Monza), Prenatal Retail Group SpA (Cogliate). Closely followed by the other two companies that complete the top ten: Roche SpA (Monza) and Gruppo Sapio SpA (Monza).
It is the manufacturing sector the one with the highest number of innovative firms. In atechnological field 7 are linked to electronic and digital engineering (semiconductors, computer technology, electrical machinery, appliances and energy, basic communication processes, audio-visual technologies, telecommunications and digital communications), 3 to chemistry (micro-structural and nano -technologies, pharmaceuticals and chemical engineering), 3 to measuring and control instruments, 1 to machinery and 1 to consumer goods.
Territory of Monza and Brianza one of the most important manufacturing districts in Europe
“The teaterritory of Monza and Brianza constitutes one of most important manufacturing districts in Europe: an area which together with Milan, Lodi and Pavia is the driving force of the Italian economy. Many excellences operate here whose strengths are innovation and "know-how". These reality must be supported by the institutions through the creation of the best conditions to increase competitiveness and attractiveness. In this direction, in addition to concentrating efforts in the short term to combat expensive energy, it is necessary to develop a real policy that aims at the country's energy independence thanks to the use, without prejudice, of the mix of sources deemed clean by the European Union. Also, it is it is essential to intervene on the infrastructures, creating a capillary and structured public transport network, to reduce traffic and make the territory more connected: I am referring, for example, to the extension of the M5 to Monza and of the M2 towards Vimercate" he declared Alessandro Spada, President of Assolombarda.
