Vetropack in 2014: sales and revenue up in local currencies

  Company financial news

Vetropack Group has reported an increase in both sales and revenue for 2014 despite the challenging economic environment. Consolidated gross revenue was, however, significantly lower (-2.8%) due to negative currency effects.

Vetropack
Vetropack Group increased its sales in 2014
In spite of the challenging economic environment, Vetropack Group increased its sales by 4.5%, while revenue in local currencies was 4.2% up on the previous year. However, consolidated gross revenue was significantly lower (-2.8%) due to negative currency effects. Net liquidity reached an all-time high and all Vetropack plants operated at essentially full capacity.
Key financial figures for 2014:
•    Gross revenue: CHF 603.7 million (2013: CHF 621.0 million)
•    EBIT: CHF 49.1 million (2013: CHF 60.0 million)
•    EBIT margin: 8.1% (2013: 9.7%)
•    Annual profit: CHF 49.2 million (2013: CHF 56.4 million)
•    Net liquidity: CHF 54.5 million (2013: CHF 23.8 million)
•    Cash flow: CHF 107.2 million (2013: CHF 110.4 million)
•    Cash flow margin: 17.8% (2013: 17.8%)
•    Equity ratio: 79.9% (2013: 80.9%)
Vetropack Group generated consolidated gross revenue of CHF 603.7 million in the 2014 fiscal year (2013: CHF 621.0 million). After adjustment for currency effects, this equates to a 4.2% increase in revenue. In nominal terms, however, revenue fell by 2.8% due to negative currency effects.
Overall, Vetropack Group sold 4.55 billion units of glass packaging (2013: 4.36 billion units), 4.5% more than in the previous year. The domestic markets accounted for 56.5% of unit sales (2013: 61.9%). The Group produced a total of 1,236,000 tons of glass packaging, 3.5% less than in the previous year (2013: 1,281,000 tons). This decrease was due to planned stoppages in production f...










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