Over the course of 2019 we have continued our path to deliver a profitable growth. We grew our revenues by over 6%, increased all of our profitability indicators, and posted an outstanding performance on cash generation. All the economic and financial indicators hit an all-time record for our Group. Looking more into the details, all our Divisions and Business Units posted positive results. I am particularly pleased with the performance we achieved in the renewable solutions, especially in hydronic heat pumps: a very positive signal that the investments we passionately pressed over in the last years on R&D (with, among other, our innovation center Ariston Thermo Innovative Technologies near Milan), on our new plant focused on the most energy-efficient technologies in Albacina (Marche) and on the development of innovative go-to-market in various countries are paying-off.
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