Results grow in the first 9 months of 2022

Revenues at €65.7 million, +19% vs 2021
EBITDA at €4.8 million, +12% vs 2021

Strong performance in the technical sports footwear, high-end footwear and leather goods, and packaging segments. Launch of new products and targeted Sustainability initiatives.

Guido Cami, Chairman and CEO of Industrie Chimiche Forestali S.p.A., stated: “We are satisfied with the achievements made so far in 2022. Despite the tragic impacts of the war between Russia and Ukraine, the steep rise in energy costs, galloping inflation, and the Energy Surcharges applied by suppliers on raw material prices, our Company continues steadily on its path. The variety of our end-markets has allowed us to keep revenues high thanks to the technical sports footwear, luxury footwear, high-fashion leather goods and packaging sectors, despite the automotive sector still not recovering. We have continued to invest in developing new lines of innovative products and in plant improvements to enhance safety and productivity, always guided by full-spectrum Sustainability.”