In 2014 Sogefi reported a slight increase in its revenues (+1.1%; +4.7% at same exchange rates) to € 1.3 billion as an effect of the growth in North America and Asia and in the aftermarket business, which compensated for the decline in South America. Margins were negatively affected not only by the South American markets but also by the effect of the restructuring carried out mainly in Europe and by the consequent temporary industrial inefficiencies.