Company Profile

Civitanavi Systems S.p.A. is specialized in designing, manufacturing and marketing inertial navigation and stabilization systems for use in the aeronautics and defense sectors, and in the mining and energy industries. Based on optical-fiber gyrometer and microelectromechanical technologies, the group offers inertial systems, heading and attitude systems, inertial units, gyrocompasses, etc., for independent, high-precision inertial navigation; stabilisation; positioning; and precise guidance of missiles, spacecraft, aircraft, ships, submarines, land vehicles and boreholes. Net sales are divided by market as follows:
- aeronautics and defense (81.6%): systems used in ship and submarine (44.3% of net sales), space (35%), aeronautics (14%), and land (9.7%) applications;
- mining, oil and gas industries (16.9%): systems used in applications for long tunneling, horizontal directional drilling, oil and gas drilling, mining, etc.;
- other (1.5%).
At the end of 2023, the group had one production site in Italy.
Net sales are distributed geographically as follows: Italy (12.1%), Europe/Middle East/Africa (75.6%), Asia-Pacific (9.6%) and North America (2.7%).


Source: Cofisem - Last Update: 2024-04-26

Key Executives
Chairman and Chief Executive Officer Andrea Pizzarulli
Chief Human Resources Officer Lucia Cingolani
Strategy Director Mario Damiani
Chief Financial Officer Letizia Galletti
Head of Investor Relations Letizia Galletti
Chief Technology Officer Roberto Senatore


Source: Cofisem - Last Update: 2024-04-26

Key Figures
Millenium 2023 2022 2021 2020 2019
Net sales 46,150,827 34,131,554 24,997,804 18,288,036 16,308,791
Income from ordinary activities 46,150,827 34,131,554 24,997,804 18,288,036 16,308,791
Operating income 6,316,158 7,983,549 6,694,767 4,037,507 5,263,869
Cost of financial indebtedness net 350,160 125,800 119,348 136,340 156,595
Equity-accounted companies contribution to income -538,382
Net profit from discontinued activities
Net income 4,371,637 6,974,949 4,878,619 5,891,315 3,813,707
Net income (Group share) 4,371,637 6,974,949 4,878,619 5,891,315 3,813,707
Fiscal year end 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Length of fiscal year (month) 12 12 12 12 12
Currency & Unit EUR - unit EUR - unit EUR - unit EUR - unit EUR - unit
Account Standards IFRS IFRS IFRS IFRS IFRS

Source: Cofisem - Last Update: 2024-04-26

Shareholder information
Civitanavi Systems Ltd 66.21 %
Free float 33.79 %


Source: Cofisem - Last Update: 2024-04-26

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