Fedrigoni has reported an increase in sales for the 2025 financial year, driven by growth in its self adhesive labels operations.
According to CEO Marco Nespolo growth was below what had been expected because “the markets we serve were soft”. This is reflected in a fall in sales for its special papers divisions. These were 7.4% lower than the year before and amounted to €739.4 million. The larger self adhesive labels division increased sales by 9.6%, rising to €1.25 billion. The acquisition of Tageos, a producer of RFID inlays, contributed to the increase as did its investment in Papkot, a technology that adds a coating to a fibre based substrate to replicate the barrier properties of a plastic film without the downsides.
These helped boost Ebitda to €303.3 million (€288.3 million) an increase of 5% for the year.
The emphasis on sustainability is underlined by an A ranking by the Carbon Disclosure Project, awarded to only 4% of companies it assessed; retaining Platinum status under EcoVadis and scoring well under the S&P Global Corporate Sustainability Assessment.
Now the business has agreed a first deal in Italy to power self adhesive paper mills with biomethane rather than fossil fuel extracted gas. This will reduce carbon emissions by 30-50% says Fedrigoni.
The company’s label materials make it the leading supplier to the wine sector and number 3 worldwide while its special papers make Fedrigoni the leading supplier of packaging to luxury brands and the leading supplier of fine papers in Europe.
Europe accounts for 45.2% of revenues, in addition to the 18.4% from Italy. The remaining 36.4% is generated by sales across the rest of the world.
The company is taking a pause in its acquisition strategy which has covered 27 deals since 2018. “On the M&A front, after an intense period of portfolio expansion in recent years, we deliberately reduced our pace of acquisitions in 2025 to stay strongly focused on integration, operational excellence and organic growth,” says Nespolo.
“Looking ahead, early 2026 is confirming current market trends, with no meaningful change in demand across the verticals we are exposed to, amid a challenging macroeconomic environment and continued geopolitical instability. At the same time, the disciplined effort that we have made, and will continue to make, on cash enhancement, synergies, productivity, cost optimisation as well as business development initiatives gives us confidence in our ability to increase profitability throughout the year.”
