It has been a record 2022 for Terme di Sirmione, with operating margins at 21.7%.
The company’s best financial year
On the wave of the general recovery of tourism in the Garda area, the company controlled by Franco Gnutti Holding (Fgh) closed its best financial year ever with revenues at €40.4 million +49% compared to 2021 (+1.5% vs 2019).
“We benefitted from incentives such as the spa bonus”
"In 2022 the hospitality and wellness businesses grew in line with the Garda market," reads a note, "absorbing the lack of Russian tourism and benefiting from incentives such as the spa bonus. While the company's results were therefore satisfactory, 2022 saw a European scenario weakened by macro-economic events, with consequent heavy social and economic repercussions, starting with the increase in the prices of raw materials, gas and energy".
A new Garda flagship store
In 2022 there were investments for more than 4 million, aimed at the complete restyling of the historic Fonte Boiola Hotel, one of the company's four hotels. Last year also saw the opening in the heart of the Garda peninsula of the new flagship store designed by architect Massimo Iosa Ghini: a commercial space, in which water and mud are central elements, dedicated entirely to the Terme di Sirmione Cosmetics line."
Tourism is paramount for sustainable development
"The tourism industry is one of the key activities to be able to build a widespread and sustainable development of the country,- comments Terme di Sirmione’s president and managing director, Giacomo Gnutti, - a paradox for a sector that should make the professionalism of its employees a strategic lever."
