
Third quarter 2023 revenues for DIRTT were $49.5 million, with a gross profit margin of 34.4%. This represents an increase of 6% from the third quarter of 2022. The company achieved an Adjusted Gross Profit of $18.3 million, with a margin of 36.9%, showing significant improvement from the prior year's third quarter. Sales and marketing expenses increased slightly, while general and administrative expenses decreased. Despite economic uncertainties, DIRTT says it is confident in its position for revenue growth and is closely monitoring the market conditions to navigate any challenges.

Despite a difficult macroeconomic scenario with a slowdown in demand for office furniture and a sharp rise in energy and raw material costs, Italian industrial supplier Donati was able to record double-digit growth in 2022 while continuing on its path towards social and environmental responsibility. We took a look at the company's new sustainability report and spoke to the President and CEO, Armando Donati, and the Sustainability Manager, Silvia Crescini, about the latest achievements and plans for the future.
As a supplier to the world's best-known office furniture brands, Donati develops chair components and complete chair solutions with focus on innovation, quality and sustainability. Armando Donati explains how environmental awareness relates to the entire life cycle of the products and how it includes the supplier and customer network: "We believe in things that last: durable products, lasting solutions and solid relationships. We also believe in collaborative networks of all kinds, and that includes responsibility towards our team, our partners, society and nature."
Based on these values, Donati’s sustainability agenda is broadly defined and integrates the United Nations’ Sustainable Development Goals (SDG). In addition to environmental topics such as energy consumption, waste management and materials, the new sustainability report provides detailed information on the Group's identity and strategy, infrastructure and economic capital. It also goes into detail about relationships with customers, suppliers and local communities, human capital, business ethics and governance.
"We have opted for a comprehensive approach to sustainability, as all our actions are systemically linked," says Silvia Crescini, whose team is responsible for promoting environmental awareness within the company and its network, managing environmental certifications for products and companies and, most importantly, implementing strategic improvement projects.
Longevity and Recycling
An example from Donati's component range illustrates how the company puts longevity at the centre. Epron, a synchronized tilting mechanism, was developed in the early 1990s and, after several rounds of updates, is still a bestseller in today's market. Over three decades, Donati has ensured that all generations of Epron are compatible with the same seat plates or armrests and are therefore interchangeable. In turn, this supplier strategy enables chair manufacturers to build service-friendly product platforms that can remain on the market for a very long time.
On the way to a circular economy, Donati is aiming for full recyclability of its components. Engineers are using eco-design models and investigating more efficient solutions for assembling and disassembling the product at the end of its life so that the materials are easy to separate and recycle. While the raw aluminium for Donati's die-casting process already comes from 100% recycled sources, the use of recycled material in Donati's plastic injection moulding has been continuously increased in recent years. Today, all black nylon feet produced by Donati are made entirely from recycled material. For upholstery, Donati offers its customers a selection of seat fabrics made from 100% post-consumer waste. The company recently joined the SEAQUAL initiative, that has launched programmes to clean up beaches, rivers and oceans. The plastic waste is taken from nature and transformed into new raw materials, which Donati purchases in the form of polyester yarns and fabrics.
Transparency and Collaboration
In recent decades, Donati has rapidly expanded its collaboration with the international furniture industry and opened its own factories in China and the USA in 2007 and 2008 respectively. As a supplier, Donati’s actions feed directly into the sustainability strategies of its customers. This is why Donati adopted UNI EN ISO 14001 certification for its environmental management system early on, and in 2009 was the first manufacturer of office seating components to introduce product category rules and environmental product declarations. Today, Donati's sustainability report provides comprehensive information in a transparent and reliable form - in accordance with the GRI standards and audited in accordance with ISAE 3000.
As Armando Donati explains: "We feel a strong sense of responsibility for our environmental and social impact and have therefore defined an ambitious strategy, the progress of which is closely monitored and documented so that we can share it with our customers and other relevant stakeholders." Flicking through the pages of the new sustainability report, it is clear how serious Donati is about continuous improvement and that his company is willing to share much more information than many other private companies in the sector.
An abridged version of Donati’s Sustainability Report is available for download on www.donati-industries.com For the complete report please contact sustainability@donatiholding.it
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