Grifal’s Board of Directors reviewed preliminary consolidated revenues for fiscal year 2022, not yet audited, which closed at 37 million euros, up 42 percent from 2021. After a slight decline of 10 percent between FY 2019 and FY 2020, partly as a result of the pandemic situation, the Group had recorded a 55 percent increase in revenues (FY 2021 over FY 2020) last year.
Doubled sales in the past 2 years thanks to the cArtù® patent
The increase in sales recognized for fiscal year 2022 was achieved mainly due to the contribution of cArtù®, the innovative environmentally sustainable corrugated cardboard, whose sales increased from 6.2 million euros to 12.2 million euros and now account for about one-third of the Group’s consolidated revenues:
The graph details the evolution of cArtù® sales for 2019-2022 and their percentage weight in Grifal Group’s total sales.
Investor Relations
Preliminary figures may be subject to change upon approval of the draft budget as of December 31, 2022. The complete and final consolidated annual data for fiscal year 2022 will be reviewed and approved by Grifal’s Board of Directors at its meeting on March 28, 2023, on which the auditing activities by the independent auditors are underway. The official press release is available in the “Price Sensitive Financial Releases” section of the Investor Relations area.