Fedrigoni Group announces a further optimization of its capital structure to close on May 20
/ In light of the solid performance achieved in the first quarter of this year, the Fedrigoni Group is finalizing a further optimization of its capital structure by refinancing its existing Senior Secured Fixed Rate Notes with the issuance of new €430 million 7-year Senior Secured Fixed Rate Notes. In parallel, the Fedrigoni Group is also...
Financial & ESG Results 2023 + Q1 2024
/ In 2023 despite market volatility and a slight decline in revenues (€1.8 billion in pro forma sales, down 11% from the €2 billion in 2022), Fedrigoni Group has proved remarkable resilience and growth. Our proforma EBITDA reached 338 million euro, marking a substantial 8% increase compared to the previous year. One of the key highlights...
Financial Results H1 2023: The Group’s Numbers and Progress
/ The first half of 2023 closed with €971.0 million in revenue, a decrease of 9.9% compared to the same period in 2022, and €150.9 million in EBITDA (-9.2% from 2022). However, the EBITDA Margin (15.5%) remains in line with the previous year, and the performance is significantly above the industry average. Except for 2022, which...
Ecovadis score 2023 -Platinum medal again!
/ In 2023, EcoVadis re-evaluated our performance. Once again we attained the Platinum medal, with a global score, such as the Environmental and the Labor & Human Rights scores, at an outstanding level. The most significant step forward was to become the Leader in the Carbon category, awarded as a company with the best in class...