Flash Battery ends 2020 with increased revenues and workforce

FLASH BATTERY COMPLETES CONSTRUCTION OF ITS NEW FACILITY AT SANT’ILARIO D’ENZA (REGGIO EMILIA) AND ENDS 2020 WITH A POSITIVE TREND IN TURNOVER AND WORKFORCE SIZE. INTERNATIONAL PARTNERSHIPS EXPANDED AND STRENGTHENED

New strategic partnerships with OEMs and dealers Europe-wide lie ahead for Flash Battery, whose financial results for 2020 cement the company’s position as a lithium battery giant.

Despite the negative impact of the pandemic (which slowed down production, especially in the first semester), Flash Battery – a “Growth Champion” in the 2016-2019 period according to the German Institute for Finance and Quality (ITQF) – recorded a revenue growth of 5% and, at the same time, increased its workforce by 25%.

“Besides the increase in our workforce, the most important result for the present and future is the decision to boost our investments in research and development and in sustainability”, underlined Marco Righi, CEO of Flash Battery.

“This one-pointedness for sustainability”, explains Flash Battery’s CEO, “has enabled us to establish those rock-solid relations in foreign markets that account for 30% of our revenues. This is especially true for France, Germany and the Benelux region.

“Our investments in research and development led to the development of over one hundred prototypes”, underlined Matteo Donelli, who joined Flash Battery as Sales Director in 2020. “These were in connection to various different sectors and, in particular, to the high electrification rate in construction and agriculture, which added to the continuing growth we’re seeing in industry and logistics”.