Fedrigoni S.p.A. communicates the important economic and financial results achieved in the 2016 financial year. For the first time in its history the group has reached and exceeded 1 billion Euros turnover (with total revenues equal to 1,054.6 million Euros as against the 977 million Euros of 2015), thereby registering a growth of about 7,9%. The Ebitda has furthermore grown by 16,7%, while net profit has increased by 10%.
CEO Claudio Alfonsi states that «2016 results are evidence of the technological leadership of the Fedrigoni Group, as well as of its know-how and innovation capacity in sectors with high added value that have led to a significant increase in profitability of nearly 17% both due to the positive trend in the cost of raw materials and to the investments made in the past, as well as to the industrial energy efficiency measures carried out in 2016».
The Verona based company is furthermore still engaged in renewing and expanding its product range (e.g. The innovative greaseproof paper, or the Touch Class papers for digital printing), in parallel with the technological update of its installations, which aims at improving efficiency and limiting costs. At the same time, major investments in information technology on the commercial and marketing side will be made to support the sales network.