Burgo Group Annual Report 2023

In 2023 the Burgo Group produced over 1.28 million tons of paper. The amount of pulp produced was 319,114 tons, the share of containerboard amounted to 168,767 tons, while that of specialty papers stood at 193,967 tons.

This production, combined with cellulose and energy production, generated total revenues of € 1.471 billion and an EBITDA of over € 157 million.

In terms of indebtedness, the Group’s financial situation has continued the marked improvement undertaken in previous years: at the end of 2023, the net financial position was about € 114 million cash positive, an improvement of over € 100 million compared to the previous year.

Despite the complicated context, characterised by the persistence of significant uncertainties and geopolitical and macroeconomic tensions, the positive results achieved by the Group in 2023 confirm the value of the strategic choices and the path undertaken through the development of growth segments, such as specialty and packaging papers. This is without overlooking the long-term sustainability goals set by GO 2030, the Group’s ESG strategy.

This is precisely where Burgo Group’s development activity lies, with an investment programme dedicated to diversifying products and making production and energy supply more efficient in order to improve the variety of products, profitability and the environmental footprint.

The performance indicators of the Group have been updated with the data published in the Report and are available on the page with the summary presentation of the Company profile.