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Businesses, with Sace turnover and jobs have grown

The effect of the insurance-financial services in support of the exports of the group led by Pierfrancesco Latini on the performance of companies has been more than positive - SMEs benefit above all

Businesses, with Sace turnover and jobs have grown

Il contribution of Sace on Italian companies it generated, in 2019 alone, 13,8 billion euros in turnover additional and beyond 40 thousand jobs. The companies that have benefited from the tools of Sace, Simest and the subsidiary Sace Bt have generated a further 26 billion along their respective production chains. These are the main results that emerged from the economic and social impact analysis carried out by the Sace research office with Prometeia - an economic research and consultancy firm - on over 23 transactions involving 8.360 businesses active in 162 countries and mobilizing over 163 billion of resources between 2005 and 2019.

The analysis shows that the number of transactions has increased from around a thousand in 2008 to over 2 thousand in 2019, as has the number of business customers, which more than doubled from 500 in 2008 to over 1.300 in 2019, 75% SMEs.

Furthermore, it is the export: from 2010 to 2019 the number of national exporters increased by 3,4% according to Istat, compared to the 22,5% recorded among Sace and Simest's client companies. 

Among the sectors, instrumental mechanics stands out with over 30%, in particular machinery, fashion, construction and food. The sectors with a high technological intensity and means of transport are also relevant, while for Sace Bt the sectors more linked to consumption, for example agri-food, fashion and distribution. In the last two years, the strong growth of companies belonging to the sectors of the Made in Italy:, then agri-food and fashion system.

As far as territorial distribution is concerned, the North-East leads the ranking with Lombardia, Veneto ed Emilia Romagna representing 58%; while in the South they stand out Campania, Puglia e Sicilia. Looking at the destination of internationalization strategies, between 2015 and 2019 the main reference geographies were Brazil, the United Arab Emirates and Russia. In 2019 alone, India also featured prominently.

Specifically, the instruments analyzed concerned Sace's export credit - aimed at protecting against insolvency risk and divided into supplier credit, buyer and documentary credit - Sace guarantees to facilitate access to credit and improve competitiveness in tenders international procurement; foreign direct investment support instruments; foreign factoring to guarantee liquidity to companies, equity tools, capitalization and export credit put in place by Simest.

Instead, for Sace Bt the analysis instead considered the global policy that allows companies to insure the entire deferred turnover and the export development dedicated to the international activity of the customers.

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