Financial Report Vetropack Group
Notes
The segment reporting used at the top management level for corporate management has just one significant segment ("Glass packaging"). The secondary segment "Speciality glass" comprises only trade revenue in Switzerland (Müller + Krempel Ltd).
|
CHF millions |
|
|
|
|
|
|
Change previous year |
Change current year |
Half Year 2020 |
Half Year 2019 |
|
Glass Packaging |
|
|
|
|
|
– Switzerland |
– 0.2% |
1.7% |
40.9 |
40.2 |
|
– Austria |
1.6% |
– 6.0% |
96.3 |
102.4 |
|
– Czech Republic |
– 1.1% |
– 11.5% |
32.4 |
36.6 |
|
– Croatia |
– 3.4% |
– 26.4% |
46.6 |
63.3 |
|
– Slovakia |
23.4% |
8.9% |
29.3 |
26.9 |
|
– Ukraine |
22.0% |
– 30.5% |
27.4 |
39.4 |
|
– Italy |
– 0.2% |
– 5.5% |
44.7 |
47.3 |
|
Speciality Glass (Switzerland) |
2.0% |
21.6% |
6.2 |
5.1 |
|
Total |
3.2% |
– 10.4% |
323.8 |
361.2 |
Vetropack Group does not publish details on its segment results, as there is a significant risk that this could cause competitive disadvantages. The markets in which the Business Units of Vetropack operate are narrow niche sectors with few, primarily private suppliers, who could draw conclusions about the margins and prices from the segment results.
The undiluted result per share is calculated by dividing the consolidated profit for the applicable reporting period that is to be allocated to the shareholders of Vetropack Group by the weighted average number of outstanding shares.
|
|
Half Year 2020 |
Half Year 2019 1) |
|
|
|
|
|
Consolidated profit allocated to the shareholders of the Vetropack Group in million CHF |
46.3 |
37.9 |
|
|
|
|
|
Weighted number of outstanding registered shares A for undiluted result per share |
19 824 000 |
396 480 |
|
Weighted number of outstanding registered shares B for undiluted result per share |
99 120 000 |
1 982 400 |
|
|
|
|
|
Undiluted result per registered share A in CHF |
2.3 |
95.7 |
|
Undiluted result per registered share B in CHF |
0.5 |
19.1 |
1) adjusted; see note No. 3
The diluted result per share is calculated in the same way as the undiluted result for both share types, as no dilution potential exists for either. By resolution of the Annual General Assembly of 22 April 2020 a 1:50 share split was carried out for both categories on 4 May 2020. Furthermore, the listed bearer shares were converted into class A registered shares and the current registered shares are now designated as class B registered shares. In addition, 13,750,000 class B registered shares, each with a nominal value of CHF 0.20, were converted at a ratio of 5:1 into 2,750,000 class A registered shares, each with a nominal value of CHF 1.00.
Due to incorrect recordings of the wastewater quantities in the Austrian Kremsmünster production plant, sewer fees that were too low were charged to the plant in the years 2010 to 2019. In 2020, the extent of the deviation was recorded and reported to the responsible authority. This will lead in 2020 to an additional payment after taxes of CHF 3.8 million. For reasons of comparability, the previous year's figures have been adjusted as follows:
|
Consolidated Balance Sheet 30.06.2019 |
|
|
|
|
CHF millions |
reported |
correction |
corrected |
|
Deferrals |
32.6 |
– 1.2 |
31.4 |
|
Short-term provisions |
5.0 |
4.7 |
9.7 |
|
Retained earnings |
665.6 |
– 3.2 |
662.4 |
|
Consolidated profit |
38.2 |
– 0.3 |
37.9 |
|
|
|
|
|
|
Consolidated Balance Sheet 31.12.2019 |
|
|
|
|
CHF millions |
reported |
correction |
corrected |
|
Deferrals |
22.6 |
– 1.3 |
21.3 |
|
Short-term provisions |
4.4 |
5.1 |
9.5 |
|
Retained earnings |
659.1 |
– 3.2 |
655.9 |
|
Consolidated profit |
73.0 |
– 0.6 |
72.4 |
|
|
|
|
|
|
Consolidated Income Statement Half Year 2019 |
|
|
|
|
CHF millions |
reported |
correction |
corrected |
|
Other operating expenses |
– 91.8 |
– 0.4 |
– 92.2 |
|
Income taxes |
– 8.4 |
0.1 |
– 8.3 |
|
Consolidated Profit |
38.2 |
– 0.3 |
37.9 |
|
|
|
|
|
|
Consolidated Cash Flow Statement 30.06.2019 |
|
|
|
|
CHF millions |
reported |
correction |
corrected |
|
Consolidated profit incl. minorities |
38.9 |
– 0.3 |
38.6 |
|
Increase/decrease in provisions (+/–) |
3.3 |
0.4 |
3.7 |
|
Operating Cash Flow before Change of Net Working Capital |
81.5 |
0.1 |
81.6 |
|
Increase/decrease in other liabilities and deferrals (+/-) |
13.8 |
– 0.1 |
13.7 |
|
|
|
|
|
|
Consolidated Cash Flow Statement 31.12.2019 |
|
|
|
|
CHF millions |
reported |
correction |
corrected |
|
Consolidated profit incl. minorities |
73.7 |
– 0.6 |
73.1 |
|
Increase/decrease in provisions (+/–) |
1.1 |
0.8 |
1.9 |
|
Operating Cash Flow before Change of Net Working Capital |
153.1 |
0.2 |
153.3 |
|
Increase/decrease in other liabilities and deferrals (+/-) |
2.4 |
– 0.2 |
2.2 |
|
|
|
|
|
|
Changes in Consolidated Shareholders' Equity |
|
|
|
|
CHF millions |
reported |
correction |
corrected |
|
Shareholders' Equity as per 1.1.2019 |
711.6 |
– 3.2 |
708.4 |
|
Consolidated profit |
38.2 |
– 0.3 |
37.9 |
|
Shareholders' Equity as per 30.06.2019 |
723.9 |
– 3.5 |
720.4 |
|
Consolidated profit |
34.8 |
– 0.3 |
34.5 |
|
Shareholders' Equity as per 31.12.2019 |
752.2 |
– 3.8 |
748.4 |
No significant events occurred between the balance sheet date and the Board of Directors approving the consolidated interim financial statements on 19 August 2020 that could negatively affect the declarations made in these interim financial statements as at 30 June 2020.