Fedrigoni confirms growth trend on nine months 2024 results
/ The Group surpasses the first nine months of the year with +8.7% revenue and +8.2% adjusted Ebitda over 2023 and prepares to close 2024 with proforma revenues of more than 2 billion euros. Fedrigoni CEO Marco Nespolo declares: “In 2024 we kept pursuing our industrial plan and completed four M&A deals. In the next 4...
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...