Fedrigoni Group recently announced its financial results for the first nine months of 2021. The group achieved a turnover of almost €1.2 billion (approximately $1.4 billion) compared to the €974.4 million (~ $1.1 billion) for the first nine months of 2020, an increase of 18.5%.
Both business lines saw increased results for the 2021 nine months. In the Self-Adhesives/Labels business unit, sales grew 17%, despite an already favorable 2020. The Premium Paper business unit saw a 23% increase, due in particular to the strong performance of the specialty papers for luxury packaging.
“We continued on our growth trajectory from January to September without being slowed down by the market discontinuity and proceeding with implementing our strategic plan,” said Marco Nespolo, CEO. “We concentrated on two main factors: expanding our global presence so that we can have direct control everywhere and ensure the same excellence and quality of service worldwide to the brands we serve; broadening and differentiating our offer in attractive segments, such as luxury packaging and labels for the wine industry, to strengthen our global positioning, also through targeted acquisitions. This has allowed us to gain market share in all the business areas, with a particular focus on the world of wine labels, where we are number one in the world, and the premium paper segment, where we provide support to the major luxury brands in meeting the transition from plastic to paper.”
For more information, visit www.fedrigoni.com.