Excellent results of the first-half 2022 for Fedrigoni Group, confirming a constant growth trend in every business area
Numbers keep growing strongly for Fedrigoni from June 2021 to June 2022: Adjusted Revenues of 1.968 billion euros (+33% vs. June 2021), Pro Forma Adjusted Ebitda of 317.5 million euros (+46% vs. June 2021). The numbers are also extremely positive for the first half of 2022 (January-June): a turnover of 1.077 billion euros (+43% vs. H1 2021) and an Adjusted Ebitda of 166.2 million euros (+64% vs. H1 2021). This trend characterises both business units, labels and premium self-adhesive solutions as well as specialty papers especially for luxury packaging.
“Despite the year of intensity – comments Marco Nespolo, CEO of the Fedrigoni Group – we moved forward on our strategic plan to guarantee the full continuity of the business. We are focusing more and more on the luxury sector, aiming to provide our customers with global product excellence, an ever-increasing level of expertise and service, even more flexible manufacturing, and an equally widespread geographic presence to meet the need of many brands to move from a global purchasing model to a near-shoring approach.
As for the global geopolitical crisis, our top priority remains to honor all the commitments to our customers, working relentlessly in all our plants. We are constantly keeping the global context monitored and, in our predictions, the possibilities for a negative impact of gas shortages on our Group are – for the time being – extremely limited. We are putting in place all the actions to minimise risks, like increasing our safety stocks of finished products and implementing measures to identify alternative sources for gas supply.
Considering the great results in the last 12 months, from June 2021 to June 2022, we remain optimistic for the future.”