Integrated Annual Report and Remuneration Report 2021

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Board of Directors’ Report

The year 2021 was characterised by high demand for glass packaging throughout Europe. Vetropack Group once again strengthened its market position and increased its production capacity during the year under review. In addition, Vetropack’s markets and the Group’s production operations were barely affected by the global pandemic. Vetropack Group companies sold most of their additional capacities in their domestic markets, and the Group as a whole generated consolidated net sales of CHF 816.5 million, which corresponds to an increase of 23.2% from the previous year (2020: CHF 662.6 million). The subsidiary the Group acquired in the Republic of Moldova in December 2020 accounted for 6.9% of the increase in net sales.
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Keyfigures 2021

The year 2021 in figures

Net Sales in CHF millions

816.5

+ 23.2%

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EBIT in CHF millions

81.6

+ 7.2%

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Consolidated Profit in CHF millions

63.8

­ – 21.3%

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Cash Flow* in CHF millions

154.1

+ 7.9%

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Investments in CHF millions

119.2

+ 61.7%

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Production in 1000 metric tons

1629

+ 15.0%

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Exports in %

45.5

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Number of Employees

3896

+ 0.4%

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Product news 2021

New in our assortment

Facts & Figures

Vetropack at a glance

On 31 December 2021

53 %

Use of recycled glass in the production process

5.88

Unit sales every year in billions

816.5

Net sales in CHF millions

11

Locations in Europe

> 2,500

Different glass packaging products

3,896

Employees

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