Italian Small and Medium sized companies ("SMEs") usually have a turnover between € 15 and 50 million, they operate mostly in anti-cyclical sectors with a strong and sustainable competitive position in their niche markets with a significant orientation to exports, especially outside the EU.
In Europe, 90% of companies are SMEs.
Northern Italy,in particular, has the largest
concentration of SMEs in Europe.
Many Italian SME's will face in the coming years a significant"turning point" due to impending generational change. It is estimated that over 70% of SMEs will face a problem of generational change in the next five years.
Italian SME's are tipically profitable companies which – albeit holding considerable product / process know-how – might considerably improve their performances through internationalization and / or managerial enhancement.
Italian enterprises’ size is lower than EU average.
The typical successful Italian company has the following features:
- Controlled by one or a few founding families
- Less than € 100 million turnover and 250 employees
- Holds significant expertise / market shares in niche segments including tool machinery, light mechanical components, specialized chemicals, fashion etc.