Strong first half sales at Vetropack
Vetropack Group increased net sales from goods and services by 23.3% to CHF 399.2 million with the new glassworks in Moldova adding to the growth.
With European consumers being able to meet in the wider world again, increasing demand, the newly reopened catering establishments had to build up their stocks.
Vetropack Group were able to respond with high supply capability and additional capacities, especially the glassworks in Moldova which was purchased in November 2020.
In the first half of 2021, Vetropack Group sold 2.89 billion units of glass packaging, 23.0% more than in the previous year (2.35 billion units).
Consolidated net sales from goods and services increased by 23.3% to CHF 399.2 million (last year: CHF 323.8 million).
As the sales volume of lower-priced products such as glass bottles for beer, mineral water and soft drinks in particular increased, the average price of glass packaging sold fell.
Vetropack Group anticipates that consumer behaviour will not fundamentally change in the second half of the year and is therefore planning to fully utilise its expanded capacities.
The Group is also being affected by the already clearly noticeable global price increase of resources such as energy, raw materials, packaging and transport.
Image: [none needed for generic Vetropack HQ]
