Financial Report Vetropack Group

Notes

1.Extraordinary Result

This position mainly includes impairments on receivables (CHF 3.5 million), inventories (CHF 8.2 million) and fixed assets (CHF 30.6 million) of the glass factory in Ukraine.

2.Financial Debts

CHF millions

30.06.2022

31.12.2021

30.06.2021

 

 

 

 

Residual period

 

 

 

– < 1 year*

11.9

11.5

6.3

– 1 to 2 years**

2.6

7.9

4.0

– 3 to 5 years***

71.3

5.6

19.7

– > 5 years****

103.9

12.5

12.5

Total

189.7

37.5

42.5

* in CHF; interest rate between 0.65% to 4.75% (31.12.2021: 0.65 to 1.85%, 30.06.2021: 0.85%)

** in CHF; interest rate between 0.7% to 3.25% (31.12.2021: 0.7% to 3.25%, 30.06.2021: 0.65% bis 4.75%)

*** in CHF; interest rate between 0.85% to 6.0% (31.12.2021: 4.6% to 6.0%, 30.06.2021: 0.7% bis 6.0%)

**** in CHF; interest rate between 0.99% to 3.13% (31.12.2021: 0.99%, 30.06.2021: 0.99%)

In the first half of 2022, the Vetropack Group, with the support of two joint lead arrangers, took out a promissory note for EUR 150 million and a phased term of 4 to 7 years.

3.Segment Reporting

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

Half Year 2022

Half Year 2021

Glass Packaging

 

 

 

– Switzerland

4.8%

45.4

43.3

– Austria

12.1%

119.2

106.3

– Czech Republic

– 3.8%

38.2

39.7

– Croatia

28.8%

80.1

62.2

– Slovakia

28.8%

39.4

30.6

– Ukraine

– 56.4%

12.3

28.2

– Italy

6.6%

64.3

60.3

– Moldova

28.8%

29.5

22.9

Speciality Glass (Switzerland)

15.8%

6.6

5.7

Total

9.0%

435.0

399.2

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.

4.Results per Participation Right

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 2022

Half Year 2021

 

 

 

Consolidated result allocated to the shareholders of the Vetropack Group in million CHF

– 9.7

40.4

 

 

 

Weighted number of outstanding registered shares A for undiluted result per share

19 824 000

19 824 000

Weighted number of outstanding registered shares B for undiluted result per share

99 120 000

99 120 000

 

 

 

Undiluted result per registered share A in CHF

– 0.49

2.04

Undiluted result per registered share B in CHF

– 0.10

0.41

5.Events after the Balance Sheet Date

No significant events occurred between the balance sheet date and the Board of Directors approving the consolidated interim financial statements on 17 August 2022 that could negatively affect the declarations made in these interim financial statements as at 30 June 2022.

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