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The adjusted proforma revenue for 2024 is €2.076 billion, with an adjusted proforma EBITDA of €380 million. The business is increasingly global: 18% of revenues come from Italy, the remaining is divided between the rest of Europe (43.2%) and the rest of the world (38.8%), the latter growing by over 8% from 2023, mainly thanks to Fedrigoni North America. CEO Marco Nespolo: “2024 saw a good recovery in the first half of the year and renewed volatility in the second half, due to the combination of an unfavorable macroeconomic context and a slowdown in the final markets we serve, such as luxury and wine. Despite everything, we managed to carry out our strategic plan, safeguarding economic performance and expanding (organically and inorganically) our global presence, especially in North America, Latin America, and Asia Pacific. Looking ahead to 2025, the first quarter saw a rather soft trend due to the persistence of economic instability. In this context of high volatility, we are implementing countermeasures on volumes and cost structure to ensure some bottom-line growth.”

The plant, in Frechen near Cologne, will serve Germany as well as the Netherlands, Belgium and Northern France. The plant will process films and papers for self-adhesive labelling in a variety of sectors, including food & beverage, personal care and retail.
“The opening of the slitting center in Germany aims to support our customers in responding to the increasingly demanding self-adhesive market, particularly in terms of service and short lead times over the past few years. By positioning ourselves closer to our customers, we are enhancing both our lead times and overall service in this region, which remain top priorities for us” explains Fernando Girón, Commercial Director EMEA Roll & Sheet Label at Fedrigoni Self-Adhesives

The company’s new R&D facility in Munich is set to greatly enhance the development of RFID and wireless IoT-based products and applications for customers and partners worldwide
Tageos today proudly announced the grand opening of its new state-of-the-art research and development facility in Munich, Germany. The Tageos Innovation Center of Excellence (ICoE) is the company’s bold response to a strong customer and market demand to drive the development of the latest products and new applications in RFID, HF & NFC and the wireless Internet of Things. As a new, integral part of Tageos’ existing R&D and innovation capabilities, the ICoE’s areas of expertise now also include special antennas for RFID inlays and tags, emerging RF technologies like Bluetooth® Low Energy (BLE), as well as the attachment of flexible batteries, sensors and other innovative components.

The Global ESG Score by Standard & Poor’s, one of the most authoritative sustainability ratings worldwide, once again recognizes the Fedrigoni Group for its outstanding ESG performance, awarding it a score of 74—an impressive 10-point increase from 2023—bringing it closer to the top-performing companies. Standard & Poor’s has once again acknowledged the Group’s excellence in Corporate Sustainability Assessment practices. While Fedrigoni achieved strong 2024 performance across all areas, the most significant growth since 2023 was in the social dimension.

The deal is part of the Group’s corporate venture capital program to identify cutting-edge start-ups to accelerate its innovation process, acquire new technologies and help customers on their sustainability journey. Papkot is pioneering a proprietary coating platform that delivers high-barrier, fully recyclable and fully biodegradable fiber-based solutions at industrial scale. Its breakthrough materials science approach ensures compatibility with existing paper and packaging manufacturing processes, making it a superior alternative to conventional plastic coatings and biopolymer-based barriers aimed at eliminating plastic from single-use packaging. Marco Nespolo, CEO of the Fedrigoni Group, commented: “This deal has enormous potential for Fedrigoni. We will have the opportunity to acquire disruptive technology in Plastic-to-Fiber, allowing us to increasingly support our customers in their efforts to develop mono-material and fully recyclable packaging. Fedrigoni will play a key role in accelerating the industrialization phase, which is essential for the scalability of the Papkot business model.”

The Group surpasses the first nine months of the year profitably. Nespolo: “2024 was a year characterized again by a discrete volatility. We started with good results in the first six months, partially driven by a recovery in the destocking trend across the value chains we serve. In the latter part of the year we had a gradual slowdown mainly due to softening growth in some end markets such as luxury and wine&spirit. Overall it was a pretty positive year that we expect to close with revenues to exceed €2 billion (up from €1.8 billion in 2023) and pro forma Ebitda to exceed €370 million, up about 10% from the previous year .”

Yesterday in Rome, at the headquarters of the Ministry of Enterprise and Made in Italy and with the presence of all social parties involved, a positive solution was reached for Giano, the Fedrigoni Group company dedicated to the production of office paper that will cease operations at the end of the year. The company signed two agreements, with MIMIT and union representatives.
“The agreement signed by all the social parties provides for a year of Extraordinary Redundancy Fund (CIGS) against the withdrawal of the collective dismissal procedure by our group – explains CEO Marco Nespolo -. The goal reached today is not a point of arrival, but rather a starting point: the safeguarding of our people remains an absolute priority for us and the focus for the next 12 months will be to find re-employment opportunities for the highest possible number of people impacted by the closure of Giano, which will cease the photocopy paper production by the end of the year”.

Fabriano, the Italian paper brand renowned for its 800-year history and unique know-how, has been strengthening its presence in North America for several years. With its range of iconic products and recent innovations, Fabriano has become a prime example of Made in Italy excellence. Now, as part of its ambitious industrial plan, the Fedrigoni Group intends to leverage the brand’s tradition and reputation that has seen it used by some of the world’s greatest artists, including Michelangelo and Beethoven, to accelerate its growth across North America.

The management of the Fedrigoni Group met in Rome with the Minister of Business and Made in Italy, Adolfo Urso, together with the trade union representatives and local institutions, called to the discussion table on the Giano case, which produces office paper and involves 195 people.
Marco Nespolo, CEO of Fedrigoni, commented on the meeting that just ended: “I thank Minister Urso and all the social parties who attended. We confirm our willingness to open a technical table with the Ministry to evaluate possible scenarios aimed at mitigating the social impact on the people affected by the decision to close Giano, without prejudice to the fact that Fedrigoni will cease all commercial and production activities related to the office paper business at the end of 2024.”
Nespolo reiterated: “The social plan that we have developed already significantly minimizes the employment impact: over 180 concrete opportunities already identified, two thirds of which in the Marche, to offer redeployment spaces to the 195 people of Giano. In the Marche alone there are 105 jobs available and over twenty possible early retirements with dedicated economic treatment, in addition to 55 open positions in our factories in the North, in Trentino, Friuli and Verona (accompanied, for those interested, by facilitations and benefits). And we are continuing to look for further solutions.