LETTER FROM THE CHAIRMAN
It gives me great pleasure to present to you this first summary of Sagittario activities which reflects the results of 5 years of active operation of our company.
Sagittario S.p.A. is a financial company established in 2001, at the time to hold 100% of Ballestra S.p.A., a leading company in the design and supply of plants for the detergents, surfactants, biodiesel, oleochemical and chemical industries.
All Sagittario shareholders have extensive experience in managing engineering, construction and trading companies, globally, specialising in consumer goods (soap, detergent, food, vegetable oil, etc.), chemicals and oleochemicals. For many years, they have been involved in the management of Ballestra S.p.A., with whom Sagittario maintains an excellent relationship.
Having sold the shareholding in Ballestra in 2007, Sagittario has used its resources to invest in global engineering, manufacturing and trading companies operating in the consumer goods sector. Sagittario has also invested in real estate and financial services.
The mission given to the "new" Sagittario was to:
- increase the value of its portfolio of participations and investments through the support provided to their strategic management;
- invest in engineering/manufacturing and trading companies in Italy and abroad where Sagittario can contribute to their development through its know-how, technology and engineering competence and its global network;
- assist start-up companies to develop their business in Italy and abroad.
Sagittario’s success has seen it double its Net Asset Value over the last 5 years. We hope this is just the beginning as we plan to increase the turnover of our underlying companies by 50% over the next three years. Sagittario plans to strengthen its position as a dynamic investment company with business and geographical diversification as outlined in the following pages.
We also aim to promote strategic alliances with financial and industrial companies to combine marketing, technical and human resources in order to develop innovative business models that better serves our clients worldwide.
At Sagittario we look to future challenges confident that our tenacity, credibility, reliability, and straight forwardness will guarantee the growth of our investments.
Milan, June 2012
Marco Galateri di Genola