Poligrafici Printing

What Poligrafici Printing does

Poligrafici Printing S.p.A. (BIT:POPR) is the holding company for the printing sector of Italian media conglomerate Monrif S.p.A., operating through its wholly-owned subsidiary Centro Stampa Poligrafici S.r.l. The company runs two newspaper production facilities in Bologna and Capalle (Campi Bisenzio, Florence), providing commercial printing services for daily newspapers published by major Italian groups including Editoriale Nazionale (the Monrif Group's publishing arm), GEDI News Network (la Repubblica Bologna edition), Editoriale Libertà, Gazzetta di Parma, and Cooperativa Editoriale Giornali Associati. The business model leverages the strategic positioning of these plants to offer printing windows in a sector characterized by high barriers to entry due to capital intensity and specialized technical competencies.

The company's 2021 consolidated revenue of EUR 149.5M derives from three primary streams: third-party printing services for external publishers (EUR 6.063M, up 64.5% YoY on new 5-year contracts), editorial publishing revenue including print and digital copy sales (EUR 78.820M, down ~6.5% YoY but outperforming the -9.1% market decline), and advertising revenue across print and digital platforms (EUR 46.380M, up ~7.7% YoY, partly driven by the Google News Showcase partnership). The Monrif Group's newspaper portfolio includes QN Quotidiano Nazionale (3rd among Italian generalist dailies with ~1.1M readers), il Resto del Carlino (leader in Emilia-Romagna/Marche), La Nazione (leader in Tuscany/Umbria), and Il Giorno (Lombardy), with associated digital properties reaching 133M monthly page views and 25.5M unique visitors (4th in Italy by Comscore visibility).

Distribution is primarily direct enterprise contracts with major Italian publishers, supplemented by Google News Showcase for digital content distribution and Piano.io for marketing automation across the Group's digital properties. The 2021-2025 industrial plan involves a voluntary early retirement (prepensionamento) program targeting 273 exits over 2020-2023, with permanent headcount falling from 813 to 749 between 2020 and 2021. Geographic footprint is concentrated in central Italy (Emilia-Romagna and Tuscany), with no international expansion disclosed.

Name

Poligrafici Printing

Legal name

Poligrafici Printing S.p.A.

Website

https://monrif.it

Company type

Public

Founded year

1885

Operating status

Operating

Headcount range

51–100 employees

Short description

Poligrafici Printing S.p.A. is the holding company of Monrif Group's newspaper printing operations, running two plants in Bologna and Campi Bisenzio (Florence) that print daily newspapers for Italian publishers including GEDI, Editoriale Libertà, and the Monrif-owned Editoriale Nazionale, alongside its own editorial and advertising businesses.

Ownership category

akta.pro rank

Headquarters

HQ city

Bologna

HQ country

Italy

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Supply Chain, Technology or R&D

Revenue model

1. Printing services for third parties (stampa conto terzi): Poligrafici Printing provides printing services for third-party publishing companies including Editoriale Nazionale, Gazzetta di Parma, GEDI News Network, Editoriale Libertà, and Cooperativa Editoriale Giornali Associati. Revenue from third-party printing was €6.063 million in 2021 (up from €3.686 million in 2020), driven by new long-term contracts signed in 2021.
2. Editorial publishing: Revenue from editorial activities including newspaper sales (both print and digital). Editorial revenue was €78.820 million in 2021 (down from €84.306 million in 2020). Print copy sales of €76.7 million declined 8% but outperformed the market decline of 9.1%. Digital copy sales were €1 million, growing 6.6%.
3. Advertising revenue: Revenue from advertising across print and digital platforms. Advertising revenue was €46.380 million in 2021 (up from €43.065 million in 2020), driven by digital growth and the Google showcase partnership.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Poligrafici Printing S.p.A. is the holding company of the Monrif Group's printing sector, providing commercial newspaper printing services for third-party Italian publishers through its wholly-owned subsidiary Centro Stampa Poligrafici S.r.l. The company operates production facilities in Bologna and Capalle (Florence area) and prints daily newspapers for Editoriale Nazionale, Gazzetta di Parma, GEDI News Network, Editoriale Libertà, and Cooperativa Editoriale Giornali Associati under multi-year contracts.

Product overview

Poligrafici Printing S.p.A. is the holding company of the printing sector of the Monrif Group, operating through its wholly-owned subsidiary Centro Stampa Poligrafici S.r.l. The company operates two production facilities located in Bologna and Capalle (FI) and provides commercial printing services for daily newspapers published by Editoriale Nazionale S.r.l., Gazzetta di Parma S.r.l., Gedi News Network S.p.A., Editoriale Libertà S.p.A., and Cooperativa Editoriale Giornali Associati. The business model is centered on leveraging the strategic positioning and productive capacity of its plants to offer printing windows in a high-barrier market characterized by significant investment requirements and specialized technical competencies.

Differentiator

Problem solved

Functional benefit

Products and services

• Contract Newspaper Printing Services (Stampa Conto Terzi) Commercial printing services for daily newspapers of third-party Italian publishers, executed at production facilities in Bologna and Capalle (FI). Customers include Editoriale Nazionale, Gazzetta di Parma, GEDI News Network, Editoriale Libertà, and Cooperativa Editoriale Giornali Associati. Multi-year contracts (typically 5 years) provide recurring printing volumes and stable revenue.
• Centro Stampa Poligrafici S.r.l. Wholly-owned operating subsidiary of Poligrafici Printing S.p.A. that runs the production facilities in Bologna and Capalle (FI), providing printing services for daily newspapers of major Italian publishers.

Quantifiable outcome

• Third-party printing revenue increased to €6.063 million in 2021 from €3.686 million in 2020 (+64.5%), driven by new 5-year contracts
• +1 more outcomes

Named customers5 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Five partnerships are on record, tiered core and supporting.

• GooglecoreGTM or Marketing Partner · 1 April 2021Partnership agreement signed April 2021 with Google for distribution of news produced by il Resto del Carlino, Il Giorno, La Nazione and Quotidiano Nazionale through Google News Showcase. The Showcase product is visible to Google News users, offering access to selected journalism content. The agreement aims to valorize quality journalism to the benefit of end users.
• GEDI S.p.A.coreStrategic or Co-development Partner · 15 February 2021Five-year printing agreement starting February 15, 2021 for printing la Repubblica newspaper (Bologna edition) at the Bologna production facility. GEDI is one of Italy's largest media groups.
• Editoriale Libertà S.p.A.coreStrategic or Co-development Partner · 1 February 2021Five-year printing agreement starting February 1, 2021 for printing the Libertà daily newspaper at the Bologna production facility. The agreement strengthens Poligrafici Printing's presence in central Italy.
• Servizi Stampa 2.0coreStrategic or Co-development Partner · 20 January 2021Agreement signed January 20, 2021 for printing Il Giorno newspaper editions at the Cernusco production facility, with renewal for an additional two years and a significant reduction in fees. This extends the existing contract with Editoriale Nazionale.
• Piano.iosupportingTechnology or IntegrationImplementation of Piano.io marketing automation technology, the world's leading platform for publishing marketing automation, to support development of registered users and subscribers across digital properties.

Scale indicators6 records

Recent moves5 records

Expansion highlights5 records

Broad incumbents

• GEDI S.p.A. Major Italian newspaper publishing group (la Repubblica, La Stampa). Comparable as a broad incumbent that both publishes newspapers and outsources significant printing volumes — GEDI itself is a Poligrafici Printing customer under the 5-year la Repubblica Bologna edition contract — making it the most strategically intertwined peer.
• Caltagirone Editore: Italian newspaper publishing group owning Il Messaggero and other titles. Comparable as a broad incumbent in the Italian newspaper market with similar print dependency and concentration in central/southern Italy, representing a parallel demand-side customer profile for commercial printers.
• Il Sole 24 Ore S.p.A. Italian financial daily newspaper with associated digital and event businesses. Comparable as a broad incumbent in the Italian print/digital publishing space with similar reliance on print circulation and advertising revenue, and a similar need to outsource or vertically integrate printing capacity.
• Bertelsmann Printing Group: European printing services arm of Bertelsmann, one of the largest commercial print groups on the continent. Comparable as a broad incumbent offering commercial printing at scale for publishers and direct-mail clients, with similar capital intensity and operational barriers-to-entry dynamics.

Others

• Cenveo Inc. North American commercial printing company serving publishers, direct marketers and label customers with high-volume print capacity. Comparable thematically as a capital-intensive printing services peer competing for similar third-party publisher print budgets, though geographically distant.

Direct peers

• Rotolito Lombarda S.p.A. Italian commercial printing group with production facilities in northern Italy serving publishing, packaging and book printing. Directly comparable as a domestic B2B commercial printing peer serving similar publisher customer segments with capital-intensive rotogravure/offset capacity.
• Grafica Veneta S.p.A. Italian commercial printing company with a significant share of the Italian book and magazine printing market. Comparable as a domestic peer operating high-volume, capital-intensive print facilities serving publishers — competing for the same third-party printing budgets as Poligrafici Printing.
• RCS MediaGroup: Italian media group that publishes Corriere della Sera and operates its own newspaper printing facilities. Directly comparable to Poligrafici Printing because it sits at the intersection of newspaper publishing and B2B printing services, with the same captive/customer mix between Corriere titles and external publishers.
• Walstead Group: European printing group focused on heat-set web offset magazine, newspaper and catalog printing across the UK, Spain, Czech Republic and Poland. Comparable as a direct peer specializing in high-volume newspaper and periodical printing for external publishing customers in Europe.

Regional players

• Québecor Inc. Canadian media and commercial printing conglomerate combining newspaper publishing with printing services. Comparable as a regional printing-plus-publishing operator with similar capital-intensive print capacity and a mixed print/digital revenue model, although it operates in North America rather than Italy.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/editoriale-nazionale

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Poligrafici Printing