Integrated Annual Report and Remuneration Report 2020

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Board of Directors’ Report

In a challenging environment shaken by the Covid-19 pandemic, Vetropack Group achieved an EBIT margin of 11.5% (2019: 12.5%). Consolidated net sales stood at CHF 662.6 million (2019: 714.9 million). At the end of the year, the Group acquired a glass works in Moldova in a takeover which was financed by the Group’s own funds.

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Keyfigures 2020

The year 2020 in figures

Net Sales in CHF millions

662.6

– 7.3%

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EBIT in CHF millions

76.1

– 14.9%

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Consolidated Profit in CHF millions

81.2

+ 12.2%

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Cash Flow* in CHF millions

141.2

– 7.9%

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Investments in CHF millions

73.7

– 40.4%

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Production in 1000 metric tons

1416

– 3.0%

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Exports in %

43.1

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Number of Employees

3882

+ 15.3%

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