ICF – Improving margins in 1Q25, diversification remains a key factor
23.05.2025The first quarter of 2025 closes with revenue above €18.3 million, down 6.2% compared to the same period in 2024 but up 4% compared to the fourth quarter of 2024. Margins remain stable in absolute value at €2.1 million and improve as a percentage to 11.5%. Guido Cami, President and CEO, stated: “Global economic activity in the first quarter of 2025 has not yet shown signs of recovery, which we hope to see in the second half of the year. Rising inflation, without a significant adjustment in wages, has led to a slowdown in consumption worldwide. The footwear and leather goods sectors, in particular, are under pressure. Forestali’s diversification across the automotive, packaging, and industrial sectors helps mitigate these challenges and supports overall business levels. We continue with our Investment Plan, increasing and making production capacity more efficient, working on safety and Sustainability, and continuing to innovate production processes.”
