Burgo Group's Financial Statements Report 2024 is online
The positive results of the past year confirm the validity of the strategic choices and investments made by Burgo Group, aimed at strengthening its presence in the most dynamic market segments and continuing along the path towards sustainability goals.
A year of consolidation and investments
Paper production exceeded 1.16 million tonnes (+13.1% compared to 2023), with significant growth in specialty papers (+23.3%) and containerboard (+8.6%). Pulp production (+8.7%) and electricity production (+8.8%) also increased.
The Group's net financial position is positive and improving, with a surplus of € 121.2 million at the end of 2024, compared to € 113.8 million the previous year.
Consistent with the approved Business Plan, the investment programme continued in all plants with interventions aimed at new products, improving production and energy efficiency, quality, safety and environmental protection, focusing on the transition towards decarbonisation.
Among the interventions carried out during 2024, the start-up of the Sora plant for the production of virgin fibre multilayer cardboard, suitable for food contact, was a crucial step to enter the cartonboard and flexible packaging sector.
On the energy front, in 2024 Burgo Ardennes activated a new photovoltaic plant, capable of producing about 9,157 MWh per year of energy for self-consumption. At the same time, the energy efficiency plan continued in all the Group's plants, in line with the goals of the ESG GO 2030 strategy.
Environmental sustainability and social responsibility have always been paramount in the Burgo Group's business approach. The Group commits maximum attention to these issues due to the intrinsic cultural and practical value of its product: paper.
Burgo Group's performance indicators, updated with the 2024 Financial Statements Report data, are available on the Group’s overview page.
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.
