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Financial Statements 2022: Fedrigoni increases its turnover by 37% and exceeds the 2 billion euro threshold

Premium labels / self-adhesives and specialty papers both on the rise
· The Group is the world's leading player in wine labels and specialty papers for luxury packaging, the second in drawing papers and the third in self-adhesive materials, also thanks to six deals last year that brought the total number of deals in 2018 to 12.

· Fedrigoni ended 2022 with a proforma turnover of EUR 2.2111 billion (+37% on 2021), a proforma Ebitda of EUR 3401 million (+54%) and investments of approximately EUR 80 million.
· Growth continued for both business units, which are increasingly positioned towards premium segments: +43% turnover for specialty papers and +31% for self-adhesives.
· CEO Marco Nespolo: "2022 was a year of profitable and responsible growth, despite the unstable geopolitical environment and supply chain disruptions. An agile business model, focus on innovation, constant transformation and the involvement of our people have enabled us to confirm our position as the world's leading manufacturer of wine labels and specialty papers for luxury packaging."
The Fedrigoni Group, one of the world's leading players in premium labels and self-adhesive materials, specialty papers for luxury packaging and other creative solutions, closed 2022 by exceeding the EUR 2 billion proforma turnover threshold: 2.21 billion compared to 1.6 in 2021 (+37%), distributed between Italy (504 million, +44%), the rest of Europe (1,054 million, +36%) and the rest of the world (653 million, +31%), with a proforma Ebitda of 3401 million (+54% compared to 2021) and investments of approximately 80 million (over 60 in 2021).
This growth has affected both company's business units, which have been repositioned in the last four years towards premium product segments: labels and self-adhesive materials have risen to EUR 1,307 million (+31%) and specialty papers for luxury packaging and other creative solutions to EUR 904 million in revenue (+43%). Today Fedrigoni employs more than 5,000 people in 28 countries, has 68 production plants and slitting and distribution centres and 25,000 products distributed in 132 countries. It is the leading global player in both luxury packaging and premium wine labels, the third in self-adhesive materials for industrial uses (pharmaceutical, food & beverage, home and personal care products) and the second in art and drawing papers.
"2022 was another year of profitable and responsible growth for Fedrigoni, despite the unstable geopolitical context and supply chain disruptions," comments CEO Marco Nespolo. "An agile business model, focus on innovation, constant transformation and the involvement of our people have enabled us to confirm our position as the world's leading manufacturer of wine labels and specialty papers for luxury packaging, giving concrete form to our purpose: making materials a source of creative possibilities for brands everywhere. The year ended on a high note with the entry of a new private equity fund, BC Partner, into the shareholding structure, which joined Bain Capital in the growth pathway of the next five years, and the entire leadership team reinvested in the company".
www.fedrigoni.com

 

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