Investor Presentaiton
But before doing this, I need to remind that cooperatives have in Italy a quite substantial presence,
in all sectors of the economy and enjoy a "constitutional" status, being mentioned specifically in article
45 of the Italian 1948 Constitution. One of the distinctive features of Italian coops is their wide
presence in the whole economy, with a share of employment (Public Administration excluded) around
8% at the national level, but around 13% in Emilia Romagna (without taking into considerations the
employment in joint stock companies controlled by cooperatives).
Emilia-Romagna is one of the 20 Italian regions belonging to the North-East of the country. After a
slow beginning, since the 1960s industrialization became widespread and it rapidly raised the level of
wellbeing of the region to the highest in Italy (and in Europe). The model of the North-East, and
particularly of the Emilia-Romagna, industrialization differs markedly from the North-West one and is
based on SMEs, highly specialized in niche products (mostly metal-engineering, agro-food and
beverages industry, chemicals, pharmaceuticals, and artificial materials), where they are often among
the world leaders. In the texture of Emilia Romagna's SMEs, cooperatives are excellently placed, as it
can be seen in the following table.View entire presentation