July 15, 2022
(press release)
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Burgo Group confirms the significance of its development choices alongside its propensity to invest in the growing sectors. The document of the 2021 Report is available for download in the Financial Statements and Reports section. Financial and Sustainability Reports Burgo Group's financial statements and responsibility reports. The Group recorded revenues of € 1,818 million, with a net result of € 59 million and EBITDA of € 65 million. The new data on net financial debt (-54 million euros) highlights a sounder financial strength. The words of Alberto Marchi, President of Burgo Group, summarize the Group's approach: “The well-considered decision to sell the Verzuolo plant, albeit in some ways a tough decision, is the result of the will to continue the gradual path of transition from graphic papers to special papers. Accomplishing this requires a solid financial structure and the capacity to make investments, which we can now plan more effectively. The monetary equilibrium, resulting from the substantial debt reduction, and the capital strength that follows, allow us to embark on a sustainable path of growth and development with positive ramifications for all stakeholders. Financial solidity and stability allow us to continue on our path towards sustainability, responsibility, and creation of value benefiting all the people who are a fundamental part of the Group, as well as for the local communities in which the Group has the opportunity to develop.". The main performance indicators of the Group – updated from year to year – are available on the page showing the summary presentation of the Company profile. Overview of the Burgo Group The Burgo Group is the industrial holding company of a group operating in the production and distribution of paper for the graphics sector, speciality papers (for example for food use) and containerboard, as well as in the production and sale of fibrous raw materials (chemical pulp, mechanical pulp, deinked pulp) and energy.
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