Fedrigoni Group reports nine months of robust growth

Thanks to a policy of geographical expansion, product differentiation and targeted acquisitions, Fedrigoni posted turnover of €1,155 million in the first nine months of 2021, up 18.5% over the same period in 2020. EBITDA also saw double-digit growth to €170.5 million (+12.5%) on the previous year. In the last quarter alone, turnover amounted to €402 million, 50% more than in the same period in 2019 prior to Covid.

This exceptional growth was driven by strong performances by both divisions (Self-Adhesives/Labels +17% and Premium Paper +23%) and consolidates the positive trend already seen in 2020 (turnover of €1,315 million, €200 million more than in 2019).

Fedrigoni is now the leading global player in the wine label segment and the third largest in the world in self-adhesive materials. It is also the European leader in speciality papers, particularly for luxury packaging, with around 4,000 employees in 25 countries, 34 production plants and cutting centres and more than 25,000 products, as well as several thousand solutions created exclusively for major fashion and luxury brands.

Between January and September 2021, the group completed three acquisitions: the US self-adhesive materials producer Acucote, the Mexican distributor Rimark and a newco set up with Tecnoform to produce thermoformed cellulose inner trays for luxury packaging.

The Group is also committed to sustainability and has set itself challenging targets for 2030. These include reducing CO₂ emissions by 30%, returning 100% of clean water to the environment, eliminating waste to landfill, increasing the percentage of ESG qualified suppliers to 95%, and doubling the volume of products with advanced sustainability features. Its goals in the field of human resources include a 67% reduction in occupational accidents and a 50% increase in the number of women in managerial positions.