LETTER TO STAKEHOLDERS 5 Letter to Stakeholders Resilience: this is the word that best defines our spirit today. It is paired with cautious optimism and a strong determination to act – and to act with excellence – inspired every day by our deeply Italian values, which have always guided our choices. The year 2024, now behind us, was not without its challenges. Nevertheless, the recovery in consumer demand has encouraged us to look to the future with confidence, driving us toward product diversification and a renewed commitment to Research and Development (R&D). The global geopolitical and economic context remains unstable and full of challenges: the rising costs of raw materials, energy, and labor make competing in the market increasingly complex. Despite these challenges, we have continued with determination along our Sustainability path, a conscious choice from which we cannot – and do not wish to – turn back. Protecting natural resources, fostering skills, and safeguarding the values built over 75 years of history today stand at the core of our daily commitment. During the year, we stepped up our research into the use of more sustainable, PFAS-free coatings - an important step that required significant Investments in Research and Development (R&D), generating production complexities, material waste and efficiency losses. It is, however, a necessary path, and the market is increasingly recognizing the value of this effort. Our consolidated expertise has made us a trusted partner for leading retailers, both in Italy and abroad, positioning us as a solid European alternative in the bakeware sector. With 86 Employees, 115 Suppliers and 650 distribution partners, we have contributed - on our scale - to the national economy, supporting employment while promoting Corporate Social Responsibility (CSR) and the values of Made in Italy. Ensuring production continuity, reducing our Environmental Impact in terms of CO2 Emissions and resource use, and building meaningful partnerships for the development of increasingly sustainable products are the commitments we pursue every day. The pages of this third Sustainability Report, shared with all our Stakeholders, provide tangible evidence of our commitment. Elena Guardini, Managing Director Marco Guardini, Managing Director
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