Gipea: presentation of the Economic Monitoring Report 2023

A day dedicated to the analysis and presentation of the 12th edition of the Economic Report (“Osservatorio Economico”) gave participants an overview of national ad international economic trends, with a focus on the graphics, paper manufacturing and converting sector.

The presentation of the 12th Gipea Economic Monitoring Centre Report by Gianluca Cinti, XGen Advisory and Federico Visconti, Rector of LIUC - Cattaneo University in Castellanza, offered a tool available to GIPEA member enterprises to analyse the economic and financial situation of companies in the sector, covering current performances and trends.

The figures show a 2022 characterised by a significant growth in turnovers, also on the back of inflationary pressures; a further improvement in absolute, but not percentage, margins; a change in the composition of NWC and growth in financial fixed assets; a growth in indebtedness and the confirmation of a correlation between performance and dimension.

Besides the Report, a European economic picture

Alberto Quaglia of the Gipea Board spoke about the economic situation, illustrating the quarterly analyses of the Finat report titled “Report & Analysis: the European narrow web market - 3° Quarter 2023, Finat Radar no. 21” which shows a difficult situation but with some positive aspects, in particular with regards to the third quarter of 2023 in the labels sector, in which there was a slight improvement in performances thanks to the resistance of the end-use sectors and in the food industry in particular. An overall vision enriched with data was presented by Alessandro Rigo, Assografici Study Centre Manger, which enabled a deeper look into a number of forecasts for 2024, in which there is expected to be a +0.5% in GDP and other positive signals half-way through the year, when the Central European Bank could reduce interest rates as far as to 4%, while it is expected that inflation will drop to a sustainable +2.1%, in additional to a recovery in exports of +2.3%.

Photograph of a sector, between institutional greetings, legal insights and technical considerations

Other contributions included greetings from the Gipea President, Elisabetta Brambilla, and the Secretary, Italo Vailati, who presented a focus on legislative updates linked to the Packaging and Packaging Waste Regulation; updates by Marco Battaglia, Assografici Work Area Manager, for a focus on the National Collective Bargaining Agreement for the Graphics and Paper Converting Industries; a technical analysis by Giorgio Fabbri Corsarini and Piero Pozzi, of the Colorgraf Technical Assistance Department, on the updating of the 2023 Pantone Formula Guide.

Find out more information about the companies mentioned in this article and published in the Buyers' Guide - PackBook by ItaliaImballaggio
GIPEA (Italian group of self-adhesive label manufacturers)

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