With sales of 468.3 million euros in Q3 2024 (+13.7% on 2023), Fedrigoni is demonstrating its resilience in an uncertain economic climate. This growth is based in particular on the recovery of value chains, helped by a phase of destocking observed in the first half of the year. However, the end of the year was marked by a gradual slowdown, mainly due to a drop in demand in the luxury goods and wines & spirits markets. These segments, which are essential to the Group, are suffering from economic fluctuations that are weighing on their growth, while remaining a key driver for Fedrigoni.
Strategic acquisitions to support expansion
In 2024, Fedrigoni carried out several external growth operations, strengthening its positioning in global markets. Key initiatives included
âeuros¢Â Acquisition of a specialty paper mill in China (formerly owned by the Arjowiggins group), to support its presence in Asia.
âeuros¢Â Acquisition of a minority stake in start-up SharpEnd a specialist in digital solutions, particularly RFID.
âeuros¢Â Mohawk asset acquisition a major player in specialty papers in North America, consolidating the Group's strategy in this key market.
âeuros¢Â Buying Poli-Tape a manufacturer of materials for visual communication.
RFID: a fast-growing sector
The RFID solutions segment (UHF, HF and NFC technologies) is experiencing exponential growth. Tageos, Fedrigoni's subsidiary dedicated to this field, reports spectacular growth: +142% in revenues for the first nine months of 2024, reaching 92.2 million euros. The boom in this sector is based on diversified applications, ranging from product authentication to traceability and the fight against counterfeiting.
With a 50 million euro investment plan, Fedrigoni intends to considerably expand its range of RFID solutions for a variety of segments, including luxury goods, logistics, pharmaceuticals and public transport. This activity, which has become strategic for the group, benefits from the successful integration of Tageos, a world leader in RFID inlays.
With only 20% of its sales generated in Italy, Fedrigoni confirms its international vocation. The Group is targeting further expansion in North America, Latin America and Asia-Pacific, regions identified as strategic for the coming years.
