The Fedrigoni Group, founded in 1888 and a specialist in high-end labels, self-adhesive materials and creative papers for the luxury sector, has announced sales growth of 37% for 2022 and earnings before interest, taxes, depreciation and amortization (EBITDA) of 340 million euros, up 54%.
The VeÌron-based papermaker's growth stems mainly from its two core business units, strategically repositioned over the last two years to focus on high-end manufacturing. Sales of self-adhesive labels and materials reached 1,307 million euros (+31%), while sales of specialty papers for luxury packaging and other creative solutions reached 904 million euros (+43%).
This performance brings the total sales of the 5,000-employee group to 2.2 billion euros, and was made possible, among other things and according to its CEO, by several strategic acquisitions.
Fedrigoni: expansion in key sectors
Marco Nespolo, head of the group since 2018, says: " Fedrigoni has undertaken a profound transformation in terms of product range, geographical presence, go-to-market, generational model, culture and governance".
Over the past year, Fedrigoni has acquired no fewer than six companies, including spain-based paper mill of Arjowiggins montpellier-based Tageos specializes in RFID tags or the Zuber Rieder paper mill, located in the Doubs region. Today, it has 68 production, cutting and distribution plants around the world.
By positioning themselves or confirming their presence in segments such as self-adhesive, film coatings and translucent papers, the company would have consolidated its position as a supplier in key areas, although labels and luxury packaging still constitute its core business.
Growth "profitable and responsible despite geopolitical and logistical challenges
Despite geopolitical instability and supply chain disruptions, Fedrigoni has managed to maintain its growth "profitable and responsible according to Marco Nespolo.
The CEO, who began his career as a financial analyst, nevertheless tempers this performance by saying: "The first few months of this year have not been easy, as demand remains extremely volatile, as evidenced by the slowdown in volumes."
