(Tiper Stock Exchange) – Saccheria Brothers Franceschettia company listed on Euronext Growth Milan and leader in Italy in industrial packaging in propylene raffia fabric, closed the first half of 2023 with management revenues equal to 9.8 million euros, compared to 12.6 million at 30 June 2022. Revenues from the main product categories (both marketed and manufactured) big bags, fertilizer bags and small bags amounted respectively to 7.2 million (8 .2 million in 1H 2022), 0.9 million (1.2 million in 1H 2022) and 0.7 million (1.1 million in 1H 2022).
The company highlights the further double-digit increase of proprietary e-commerce channelwith a performance of +26% compared to the first half of 2022.
“The revenue figure for the first half of 2023 reflects our expectations in the light of the Italian and international economic scenario – commented the chairman Luigi Wilmo Franceschetti and the CEO Luisa Franceschetti – The contraction in consumption, linked to rising inflationis impacting all the main economic sectors in which the company operates”.
“Analysing the composition of revenues, it is important to highlight that, the reduction in turnover is not matched by an equal reduction in volumeswhich remained almost stable: the significant reduction in raw material and transport costs, which was recorded during the first half of 2023, made it possible to apply a price reduction on some product families which consequently reduced, with the same volumes, the revenues figure, allowing however to maintain good levels of profitability”, they added.