Dear Readers, I am pleased to present to you the fourth edition of Novavision Group’s Sustainability Report, the expression of our dedication to reporting on the social and environmental, as well as economic, performance of our activities and our desire to establish an ongoing dialogue with key stakeholders. The Annual Report represents a voluntary, non-financial statement addressed to our people, suppliers and partners, as well as customers wishing to know and learn more about the activities that we have been carrying ou t for more than 30 years in the field of integrated communication systems, electro-medical and electro-aesthetic devices, dermocosmetic products and training in the field of aesthetic medicine and professional treatments. Sustainability is an integral part of our corporate vision and mission, responsible management of the entire organization and a corporate culture based on fairness and transparency in our operations have always been at the core of our approach, all the while ensuring soundness and continuity, preventing risks and creating value for all our partners.
In 2023, Novavision Group produced fulfilling results in terms of economic and financial dimensions, ending the year with sales and service revenues worth more than 7 mln € – an increase of 8.4 percent over the previous year – of which as much as 7.3 percent was allocated to investments in R&D activities. Innovation remains a relevant strategic component in Novavision Group’s medium- and long-term growth.
Each analysis, development, design and production phase takes place within our company structure, where our specialized personnel is dedicated to designing and realizing new high-performance products and the continuous improvement of existing platforms.
The acknowledgement for the valuable contribution provided by our intellectual capital is highlighted by the distribution of our overall value added: as much as 85.6 percent is destined for our employees, between wagesand social security charges. Our intention is to continue on this path, confident that these efforts will pay off in terms of generating value for the company as a whole as well as for our key stakeholders.
We hope you enjoy reading our report and look forward to your support and trust.
Danilo Crapelli