The non-audited semi-annual report of Vetropack Group as at 30 June 2023 was prepared in accordance with Swiss GAAP FER 31 on the basis of acquisition- and manufacturing costs and, in contrast to the annual financial statements, allows abridged reporting and disclosures. The consolidation principles are unchanged to those of the semi-annual and annual report 2022.
The non-audited semi-annual report of Vetropack Group as at 30 June 2023 was prepared in accordance with Swiss GAAP FER 31 on the basis of acquisition- and manufacturing costs and, in contrast to the annual financial statements, allows abridged reporting and disclosures. The valuation principles are unchanged to those of the semi-annual and annual report 2022.
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).
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CHF millions |
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|
|
|
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Change |
Half Year 2023 |
Half Year 2022 |
|
Glass packaging |
|
|
|
|
– Switzerland |
15.0% |
52.2 |
45.4 |
|
– Austria |
6.3% |
126.7 |
119.2 |
|
– Czech Republic |
9.7% |
41.9 |
38.2 |
|
– Croatia |
23.5% |
98.9 |
80.1 |
|
– Slovakia |
4.3% |
41.1 |
39.4 |
|
– Ukraine |
– 88.6% |
1.4 |
12.3 |
|
– Italy |
5.8% |
68.0 |
64.3 |
|
– Republic of Moldova |
40.0% |
41.3 |
29.5 |
|
Speciality glass (Switzerland) |
– 3.0% |
6.4 |
6.6 |
|
Total |
9.9% |
477.9 |
435.0 |
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.
In 2022 this position mainly included 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.
For 2023, costs of CHF 0.9 million incurred in the first half of 2023 for clean-up and repair work at the Gostomel glass factory are included. In addition, value adjustments on fixed assets (CHF 0.3 million) and receivables (CHF 0.2 million) could be released.
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.
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Half Year 2023 |
Half Year 2022 |
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Consolidated result allocated to the shareholders of the Vetropack Group in CHF million |
50.7 |
– 9.7 |
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Weighted number of outstanding registered shares A for undiluted result per share |
19 824 000 |
19 824 000 |
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Weighted number of outstanding registered shares B for undiluted result per share |
99 120 000 |
99 120 000 |
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|
|
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Undiluted result per registered share A in CHF |
2.56 |
– 0.49 |
|
Undiluted result per registered share B in CHF |
0.51 |
– 0.10 |
No events occurred between 30 June and 17 August 2023 (approval of the consolidated semi-annual report by the Board of Directors) that would result in an adjustment to the carrying amounts of assets and liabilities or would need to be disclosed here.