Thinking where we were in 2020, generating 495€M net revenues, and where we
are after only two years at 660€M, our growth has been tremendous. During 2022, I could see that all
of RINA’s core markets were growing, and, indeed, they are showing great potential for many years to
- Ugo Salerno, Chairman & CEO -
Decarbonisation, one of the main
strategic pillars within the RINA business, is also a main driver for many organisations. Our
mission is to make RINA a leader across all aspects of this area. Our activities in 2022 resulted in exceptional outcomes, with revenue +33% and order
intake +66% over budget.
2022 has been characterised by major geopolitical disruption that has had an immediate effect on energy supply chains. In response to the events in Ukraine, the EU issued REPowerEU, which aims to remove reliance on Russian fossil fuels by 2030, rapidly advance the green transition, and has resulted in increased investment in gas.
We are determined and committed to developing and
achieving our ESG goals. 2022 has been a year where we have been working on and developing our medium and
long-term programme for ESG.
We also achieved our ISO 37001 Anti-bribery Management System certification, in addition to our ISO 27001 Information Security Management System and ISO 9001 Quality Management certifications awarded in 2021 and have built the foundations of the certification of RINA management system for gender equality based on UNI/PdR 125 standard.
In 2022, the Horizon Europe program was in full flow and around
95% of funding for RINA Research projects came from this. We made more than 200 new proposals to the program
and secured around 50 new projects, showing a significant increase in
our success rate for proposals.
We are delighted with this attainment and are optimistic for the future as Horizon Europe progresses, and the project budgets continue to grow.
2022 was another excellent year for our Marine business, both in
terms of financial results and the number of new vessels classified. We exceeded our budget with a revenue
of around €170M, showing a ~17% growth from 2021. Such significant growth
shows the brand recognition that RINA now has in the marine sector, which reflects the
understanding of the reliability, trust, and service level we provide.
Of course, sustaining our levels of business requires the right people, and we invested in people, competencies, and our global network. While our growth rate makes recruitment an ongoing challenge, in 2022, we increased the number of colleagues that support the marine sector by more than 10% to over 1000 located worldwide.
hours on Mobility
during the year
square meters of buildings & urban development design
revs in project management/owner engineering activities
In 2022, we met our targets for revenue with growth of over 10%,
compared with a market average of 5%. We continued our position as the market leader in Italy, which represents around 70% of our business, but
also saw important growth in other regions.
To further improve the quality of our service and rationalize growth, we decided to transform our structure from a centralized management of accreditation schemes to a distributed one, appointing people in Europe, Asia and Latin America as leaders for compliance.
PDO, PGI, TSG
Rail and metro projects: Italy, China, Denmark, Ireland, Turkey, Republic of Korea, Israel, Portugal, Hungary, Croatia, Colombia, Argentina, Sweden, Thailand, Romania
Although geopolitical influences and soaring energy prices posed challenges, 2022
presented many interesting opportunities for the RINA Industry Business Unit. With the investments we have
made in services and expertise for decarbonisation and digitalisation, we are now recognised as one of the
leading companies in these areas.
We have helped many clients understand and reduce their carbon footprint and worked on many innovative and ground-breaking projects.