CEO REPORT

A Piv​​otal Year for RINA

The year 2024 marked a transformative chapter for RINA, celebrating not only our impressive growth that exceeded expectations but also a profound evolutionary leap. This year, we reflected on our core identity and recognized ourselves as a true Knowledge Company, fundamentally driven by competence and expertise. This newfound self-awareness steered our efforts to reshape our operational model to better reflect our identity. 

Successfully achieving substantial economic results while simultaneously redefining our vision, strategy, and business model was a significant challenge that RINA navigated with expertise. We focused on maintaining our short-term operations while also crafting a roadmap to guide us toward a long-term vision. This demonstrated our ability to manage complexity, especially during times of global uncertainty-a testament to our pride and resilience.  While the rationale behind this transformation may not have been immediately clear to all stakeholders, they can now see the path the company has chosen.  Although we were already a healthy company with a robust growth trajectory, we embraced the challenge of competing on a higher, global level by strategically leveraging and amplifying our wealth of knowledge and skills.  Being a Knowledge Company means integrating our extensive technical and scientific competences, making them adaptable across various sectors, markets, and geographies. Our uniqueness lies in our ability to connect both horizontal and vertical expertise, allowing us to transcend boundaries between industries and regions, truly presenting ourselves as a One Company.  This philosophy informed our operational model, where technology acts as an enabler, enhancing the speed, sustainability, and profitability of our processes. Even within 2024, our cross-disciplinary thinking yielded significant results, demonstrating how a change in mindset immediately shifted our business approach. 

What Growth Means to Us 

At RINA, growth encompasses more than just top-line expansion; it embodies the bottom line as well. Our numerical achievements reflect an organization’s maturation process, as we pursue sustainable and profitable growth over time. 

In 2024, we recorded significant double-digit growth across all business units.

This includes substantial developments also in our consulting arm, across energy, infrastructure, defense, and real estate sectors. These advancements lay the foundation for future growth, enabling us to explore both traditional and emerging markets and geogr​aphies.

In 2024, RINA took a transformative step forward, embracing its identity as a true Knowledge Company, rooted in competence and expertise. Alongside strong growth, we redefined our vision, strategy, and operational model to reflect this evolution.

Carlo Luzzatto

CEO & General Manager

Outlook for 2025 

Our growth philosophy has always thrived within an ecosystem centered around our clients and the entire value chain. Customer centricity is one of the three pillars of our 2030 strategic plan, underscoring our commitment to supporting clients’ dimensional and geographical expansion. Strengthening these relationships is pivotal and bolstered by our second pillar—a new operational model that places technical competencies at the core, making them accessible across all business units.

The third pillar involves fostering innovation through open innovation, encompassing the entire supply chain. Technology acts as a key enabler of market-oriented skills, prompting us to establish open innovation hubs worldwide last year to support clients in developing new products. 

Our growth philosophy has always thrived within an ecosystem centered around our clients and the entire value chain. Customer centricity is one of the three pillars of our 2030 strategic plan, underscoring our commitment to supporting clients’ dimensional and geographical expansion. Strengthening these relationships is pivotal and bolstered by our second pillar—a new operational model that places technical competencies at the core, making them accessible across all business units.

RINA in the Global Landscape