Among the new developments in 2024 are the opening of the new company Fratelli Cosulich Korea and the establishment of “Fratelli Cosulich Netherlands.” The first Sustainability Report has been published.
Genoa – The consolidated financial statement of the Cosulich group highlights a 2024 revenue of 2.14 billion (up from 1.89 billion in 2023 but slightly below the 2.21 billion of 2022), an EBITDA of 59.7 million (the second-best result ever after the 68 million in 2022), while net profit dropped to 20.6 million (compared to 30.2 million in 2023 and 52.2 million in 2022). The net result of the parent company Fratelli Cosulich was positive at 6.1 million euros, and this profit was distributed as dividends to shareholders for only 444 thousand euros, while the remaining 5.7 million were carried forward. The public BB rating with a stable outlook was also confirmed.
Among the most interesting developments emerging from the latest financial report is the opening of the new company Fratelli Cosulich Korea LLC, which, within the Marine Energy branch, aims to “expand the group’s presence by strengthening its position in a region of growing relevance.” Other novelties include the establishment of the new company “Fratelli Cosulich Netherlands B.V., which will focus on shipowning and bunker trading,” and the acquisition of the remaining 60% of the capital of the shipping company Ciscato&Company for 617,629 euros.
Among the main operations of 2024, the report of the group led by Augusto Cosulich highlights the acquisition and integration of Trasgo and the launch of the network powered by Cosulich Logistics (14 offices, 7 brands), the order of four methanol-ready bunker barges, a key investment in the energy transition. The group has also published its first comprehensive Sustainability Report, prepared according to CSRD and ESRS standards, with concrete results: 64% of the bunker fleet ready for LNG or methanol, +409% energy from renewable sources (11.2% of the total), +43.5% training hours per capita, and strengthening of governance and reporting.
In the photo, the Cosulich family.
