Videoworks reports substantial year on year growth

Italian tech company Videoworks says it is going from strength to strength as it reports a substantial increase in both its value of production (VoP) and profitability year on year.

“Videoworks has worked to increase continuously our efficiency, to provide quality and to absorb temporary peaks and our overall capacity runs at 80 per cent,” says Videoworks CEO, Maurizio Minossi.

“The value of production for the current financial year stands at 26 million euros, thus we have recorded an average of 18 per cent per year since 2021, a result obtained thanks to the constant commitment of the entire team. The results of the last three years have consolidated the global dimension of the Videoworks group and confirmed the strategy consistently pursued since 2016, the year in which we opened the office in the Netherlands, followed by the offices in the US, France and Turkey.”

Stefan Nieuwenhuys, general manager of Videoworks Europe BV, comments: “Videoworks Europe BV, the Dutch arm of the Group, turns seven this year. Today it is a consolidated and reliable partner for Northern European shipyards.

“In 2023, we have contributed more than 25 per cent of the group’s production value and are growing further. Our strength is the ability to combine a more international vision with the experience consolidated by Videoworks during 25 years of activity. I don’t think there are any other companies in our sector that can boast a reference list of more than 850 yachts and that can count on such a great background of experience and competence. We are proud to be part of it and to contribute to the growth of the group.”

The Group says it is constantly developing new an innovative technological solutions which are not limited to audio/video systems, an example being its new HRM (Health Remote Monitoring) technology.

Launched at the Monaco Yacht Show and currently available to view at METSTRADE (stand 10.111), HRM technology is said to allow remote monitoring of health parameters via broadband connections. The system is designed to provide the owners’ or guests’ personal doctor with real-time information on their health (transmitting blood pressure, heartbeat and blood oxygenation data), offering a reasonably complete clinical picture so that the doctor can determine whether the patient can be treated on board, or will require further examination in a hospital or emergency intervention.

Mission adds: “For the future we will continue to follow our philosophy focused on technological research and development, service reliability and attention to customer needs. On the internal front, alongside R&D activities we will continue to focus on planning and engineering processes to provide increasingly solid and effective services.”

Images courtesy of Videoworks.