27 JUL 2021

Press Release

Angelini Holding: revenues growing in 2020

Strong push on business diversification and focus on potential acquisitions

Rome, July 27, 2021 – Angelini Holding - the industrial holding company of the Group, an Italian multinational with a presence in 26 countries and 5,700 employees, operating in the pharmaceutical, consumer (personal care and home and textile hygiene, baby food and weaning), industrial machinery, wine, perfumery and dermocosmetics sectors - closed its 2020 consolidated financial statements with a value of revenues from sales and services of 1.699 billion Euro, up 3.8% compared to 2019 (1.637 billion Euro).

The gross operating margin amounted to 259.28 million Euro (or 15.26% of revenues) up 18.44% (+40.36 million Euro) compared to 218.92 million Euro in 2019 (or 13.37% of revenues).

Profit before tax amounted to 159.906 million Euro, up 14.6% compared to 2019. The net profit, in turn, was 130.86 million Euro, compared to 149.21 million Euro in the previous year due to amortization, depreciation, provisions, value adjustments and an increase in taxes of more than 38 million Euro.

Today Angelini is a diversified multinational industrial group present in 26 countries with strong roots in Italy, where 67% of its revenues are generated and processed, 4,005 of its total 5,700 employees work, and 6 of its 12 production sites are active. The remaining revenues come from European Union countries (25.1%), non-EU Europe (3.71%) and the rest of the world (U.S.A., China: 4.09%).


Angelini Holding is the industrial holding company of the Angelini Group, an Italian multinational founded in 1919, present in 26 countries with 5,700 employees and revenues of 1.7 billion Euro, active in the pharmaceutical, consumer (personal care and hygiene for the home and textiles and baby and weaning foods), industrial machinery, wine, perfumery and dermocosmetics sectors.

It includes:

  • Angelini Pharma an international group that researches, develops and markets health solutions with products sold in over 70 countries;
  • Fater, founded in 1958 and since 1992 an equal joint venture with Procter & Gamble, is active in the personal and home care sector with the brands Lines, Pampers, Tampax and Ace;
  • Fameccanica, an international automation and robotics group for industry, founded in 1975 and also it a joint venture with Procter & Gamble, present today with 3 production sites in Italy, USA and China;
  • Bertani Domains that works in the wine sector with six wineries, covering a total of 1,700 hectares of land and a total production of around 4 million bottles per year;
  • Angelini Beauty business unit dedicated to the perfumery and dermocosmetics sectors;
  • Angelini Consumer, a business unit of the Angelini Group dedicated to the development of products linked to infancy, new families, mature age, hygiene and disinfection of the person and the home: a first concrete application of the work of Angelini Consumer is Madre Natura, a joint venture with the Hero Group that produces 100% organic baby food.

For more information on Angelini Holding and its subsidiaries: www.angeliniholding.it

International presence and breakdown of revenues

The Angelini Group is currently present in 26 countries around the world: Italy, Austria, Belgium, Bulgaria, China, Denmark, Finland, France, Romania, Germany, Greece, Iceland, Norway, Netherlands, Poland, Portugal, United Kingdom, Czech Republic, Slovakia, Russia, Spain, United States, Sweden, Switzerland, Turkey, Hungary.


Revenues by geographical area




Revenues Italy




Revenues Europe




Revenues from non-EU Europe




Revenues outside Europe








(thousands of Euro)

Breakdown by company and business areas

The revenue of Euro 1.699 billion in 2020 is broken down as follows: 1.005 billion Euro (59.17%) is generated by the pharmaceutical sector, 591.542 million Euro by the consumer area (34.8%; includes the personal and home care sectors with FATER, wine with Bertani Domains and perfumery and dermocosmetics for Angelini Beauty), 94.786 million Euro by the production of industrial machinery with Fameccanica (5.57%) and 6.649 million Euro by real estate (0.39%). Revenues from secondary businesses total 857,000 Euro.

The Group's new organizational structure was defined during the twelve-month period: this new structure reflects the Group's development strategy, which aims to grow through diversification, interest in new areas of business and acquisitions.

Research & Development

For the Angelini Group, the Research and Development area is of great importance, in which 92 million Euro were invested in 2020 (5.4% of revenues).

Financial investments

Through Angelini Partecipazioni Finanziarie Srl, the Group holds a number of financial investments that represent a diversification of its industrial business, such as Tamburi Investment Partners Spa, Mediobanca, Unicredit, Prysmian, Eataly and Talgo, to mention the most important ones, as well as a number of club deals and private equity funds. The 2020 fiscal year closed with shareholders' equity of 171 million and net income of 11.

For additional information:

Angelini Holding

Alessandra Favilli – Institutional & External Relations Director – alessandra.favilli@angeliniholding.com



Daniele Pinosa – pinosa@secnewgate.it - tel. +39 3357233872

Fausta Tagliarini – tagliarini@secnewgate.it – tel. +39 3476474513