Fedrigoni Group continues to expand in 2015
The consolidated sales revenues were Euro 977 million, an increase of Euro 104 million (11.9%) over the Euro 873 million of 2014 due to the higher sales volumes and the acquisitions of GPA – Gummed Papers of America (U.S.A.) and the Brazilian company now called Fedrigoni Brasil Papeis Ltda.
«In 2015 the Group successfully consolidated its leadership on international markets – which now account for 67% of its sales – through two important acquisitions in the Americas. The first one, in the U.S.A. (GPA), has allowed us to enter forcefully and directly into the American market of digital printing support items, which presents high growth potential. The second acquisition, in Brazil (Arjo Wiggins), has made the Group the top producer of special papers and banknote paper in all of South America», stated the Chairman, Alessandro Fedrigoni.
«The 2015 results demonstrate our ability to compete in high value-added and high profitability sectors, in which the Fedrigoni Group’s technological excellence and innovative capacity are rewarded thanks in particular to the internal research and development team», stated the C.E.O., Claudio Alfonsi, who continued: «On the basis of the important results already obtained in the first few months of 2016, we can project sales of nearly Euro 1.1 billion for 2016, up by 12%, Ebitda of Euro 146 million, up by 21%, and a net profit of more than Euro 70 million, an increase of more than 22% over 2015».