Date:
13 April 2019
Lombardy regional breakdown of the annual Confindustria and Cerved study - statement by President Marco Bonometti
Milan, 13 April 2019 – “The SME Centre-North Report by Confindustria and Cerved presents a very positive picture of the region: Lombardy is at the top for turnover, number of employees, exports, payment times, solvency and security. Despite this, pre-crisis Gross Operating Margin levels are still far off (-25.4% compared to 2007) and corporate debt levels are rising (+1.7% on 2016, +15.1% on 2007),” stated Confindustria Lombardia President Marco Bonometti.
“If, after positioning ourselves among the leaders in Italy, we want to be competitive in Europe too, we need adequate infrastructure, integrated into European corridors, to support exports, as well as more credit and new financing instruments to support the activities of our SMEs; the project we have launched with the main banking institutions follows this path. We must recreate the conditions in which it is possible to continue doing business in Italy. Unfortunately, Italy remains a country immersed in a glaring paradox: we have, for as long as it lasts, the greatest entrepreneurial vitality and the greatest obstacles to doing business among advanced countries. Growth is our absolute priority, a priority that must guide all our actions, our choices, and our decisions at the level of businesses, Confindustria, the Government, and European institutions,” concluded Bonometti commenting on the annual report by Confindustria.
Attached are the Lombardy fact sheet from the SME Report and the Confindustria press release
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