Fedrigoni closes the year with +14.8% in revenues and +12.5% in adjusted proforma EBITDA compared to 2023 despite the uncertain global market situation
The adjusted proforma revenue for 2024 is €2.076 billion, with an adjusted proforma EBITDA of €380 million. T
he business is increasingly global: 18% of revenues come from Italy, the remaining is divided between the rest of Europe (43.2%) and the rest of the world (38.8%), the latter growing by over 8% from 2023, mainly thanks to Fedrigoni North America.
CEO Marco Nespolo: “2024 saw a good recovery in the first half of the year and renewed volatility in the second half, due to the combination of an unfavorable macroeconomic context and a slowdown in the final markets we serve, such as luxury and wine. Despite everything, we managed to carry out our strategic plan, safeguarding economic performance and expanding (organically and inorganically) our global presence, especially in North America, Latin America, and Asia Pacific. Looking ahead to 2025, the first quarter saw a rather soft trend due to the persistence of economic instability. In this context of high volatility, we are implementing countermeasures on volumes and cost structure to ensure some bottom-line growth.”
