FLASH BATTERY: 2022 REVENUE GROWS TO 22.3 MILLION (+29%), NUMBER OF EMPLOYEES UP 22%

Italy’s Flash Battery closes the 2022 fiscal year with a 29% revenue growth, a further acceleration to the development processes that in 11 years of business have led the company to join the ranks of Europe’s leading manufacturers of lithium batteries for industrial machinery and electric vehicles. Besides the revenue increase to €22.3 million, Flash Battery also saw a 22.2% jump in its staff numbers, now at 80 units.

“These are meaningful results”, underlined Marco Righi, CEO of the Sant’Ilario d’Enza-based company, who added: “In addition to highlighting the positive trend in our home market, they also show the +37% leap in export revenue which, at €4.6 million in value, represents 21% of total sales”.

Flash Battery does business with over 50 countries worldwide, with major markets in its customer base like Germany, Austria, the Benelux countries, Czech Republic and France.

The CEO went on to explain: “At the same time, we cemented our partnerships with expert powertrain system integrators that are, in fact, operating in the most dynamic markets, including Germany (with German power system integrator Atech GmbH), France (with Efa France) and Benelux (with Q-tronic BV)”.

As mentioned, growth was not only related to revenue; the size of the company’s staff also increased (+22.2%). Righi continued: “A year and a half into the opening of our new headquarters, we’re considering further adding to our staff because our development largely relies on the technology, patents and prototypes we create; however, the most important factor for growth is represented by young and skilled collaborators who are passionate about sustainability journeys that translate into products and services”.