Less than a month after publishing its new Sustainability Report, Grifal achieves another important milestone achievement. The Board of Directors reviewed the consolidated pre-consolidated revenues for the first half of 2022: this reporting period closes with consolidated revenues of 18.6 Million Euro, an increase of 51% compared to the corresponding period of 2021.
The success of Grifal’s products is also evident when comparing organic performance excluding the contribution of the acquisitions that occurred in 2021. In fact, revenues reached 16.4 Million Euro, an increase of 53% compared to the corresponding period of the year 2021. Significantly, the consolidated pre-consolidated revenues for the first half of 2022 are already equivalent to the revenues for the full year 2019 (18.6 Million Euros).
The message from Fabio Gritti, CEO of Grifal Group
“The Group’s growth continues in a major way and according to the planned lines of development. The result of this first half year is also significant because business development continued with the acquisition of new large customers convinced by our sustainable and cost-effective packaging solutions. Work on the expansion of the Cologno al Serio production site continues on schedule. The cArtù 4.0 production line is in the start-up phase. From the end of August, the two new high-throughput rotary die-cutting lines will be operational in Cologno al Serio and Timisoara. A number of international partnership opportunities are being concretely developed for the development of new production sites abroad.”
Investor Relations
The data have not yet been revised. Full half-year results will be approved by the Board of Directors on September 29, 2022. The official press release is available in the “Price Sensitive Financial Releases” section of the Investor Relations area.