Italian paper manufacturer Fedrigoni has reported and increase in turnover despite substantial increases in raw material costs and the dramatic increase of the euro against the dollar and pound.

 

Turnover was up 9.4% to stand at €625 million and net profit stood at €31.2m for the 2007 financial year.

 

Fedrigoni said that the positive results were due to its strategy of increasing its product range and developing new markets.