Grifal reviewed preliminary consolidated revenues for fiscal year 2024, which have not yet been audited and will be finally approved at the Board of Directors meeting on March 25.
The Group’s 2024 fiscal year ended with revenues at 37.7 million euros, confirming the 2023 figure thanks to a second half of the year that was up 2 percent from the first half and nearly 4 percent from the corresponding 2023 period.
The vitality of the foreign market is confirmed, growing 16 percent over the previous year, driven by cArtù®: the revolutionary shock-absorbing corrugated board that can replace plastics in packaging is now worth 39 percent of the Group’s sales thanks to a 15 percent growth in FY2024.
Revenues from machinery production mark +18 percent, confirming the potential of Grifal Technologies and its centrality in the Grifal Group’s ambitious project.
“We manage to grow ,” explains Fabio Gritti, president and CEO of Grifal. thanks to our innovative products even in a lackluster environment. The launch of tissuePack, a new green corrugated cellulose wadding product that complements cArtù® and on which we place great trust, is recent. We are confident that our continued investment in new product development and the strengthening of our sales, marketing and communications areas will enable us to accelerate our growth path. The increase in our overseas volumes is particularly evident in Romania: this has persuaded us to double our production capacity, with the installation of a second cArtù® line. Grifal Technologies’ revenues have grown further. To support its development path, the relocation to the new large dedicated production area has been completed: this has allowed us to double the space available to build the machinery functional to the Group’s growth strategy. “
Preliminary figures may be subject to change upon approval of the draft financial statements as of December 31, 2024. The full and final consolidated annual results for fiscal year 2024 will be reviewed and approved by the Board of Directors at the meeting scheduled for March 25, 2025; the same are being reviewed by the auditors.
The press release is available in the “Financial Press Releases” section of the Investor Relations area.