Osculati reports strong 2019 results

Italy’s Osculati Group has reported turnover of €72m for the year ended August 31, 2019 – an 8% increase over the same time last year. Positive performance was recorded across all markets and product categories, with sales in Italy up 5% and sales in the rest of Europe up 9%. In countries outside of the EU, sales were up by 13%.

“We achieved a positive performance in the global market,” says Alberto Osculati, executive director of the Italian marine accessories firm. “It also reflects a continuing effectiveness of the various initiatives we have implemented over the past years.

“We are proud to underline that this is all organic growth,” he adds, ”made mostly through the strengthening of relations with current customers, the improvement of present products and the introduction of new products ranges. In all these years we have reinforced our management team and we are now openly evaluating external growth opportunities as well.”

Over the last three years, Osculati says it increased its global sales by 22% and by 57% over the last five years.

Today, the company’s direct workforce consists of over 130 employees occupied in offices, D&E, logistics and production. In addition to the direct workforce, 25 agents are spread across Europe.

Osculati is one of Europe’s leading nautical accessories firms with more than 22,000 items in its catalogue. It is a key partner for shipyards and retailers, with a stock availability of 98%.