Revenues top €600 million for the first time

Thimm Group has closed the 2017 financial year with above-average revenue growth, a rise of 5.8% to €601 million. This marked the first time revenues have passed the €600 million milestone. Employee numbers remained the same and as of 31st December 2017, Thimm Group had 3,035 employees. The company also trained 120 apprentices in different job profiles. The reporting year was characterised by two major investments, namely the new corrugated plant Holledau and a digital industrial web press system.

The new Holledau corrugated plant in Wolnzach in Bavaria was fully commissioned during the reporting year. The site produces corrugated transportation and sales packaging and is one of the most modern corrugated plants in Europe. Mathias Schliep, Chief Executive Officer of Thimm Group, summed up the significance of the investment, saying, “The construction of a completely new corrugated plant is something extremely special for us as a family business. This proves the consistent growth strategy and future viability of the company.”

In addition to this, Thimm Group also made investments of €20.4 million in the 2017 financial year in the further expansion and modernisation of its existing production sites. This demonstrates that the company is pursuing its ongoing growth and internationalisation strategy and through expansions of its plants in Poland, Romania and the Czech Republic it has successfully increased its market presence in the rapidly growing sales territories of Eastern Europe.

Thimm Group has also recorded positive results in the first few months since the start of operations of the digital web press at the Ilsenburg site. “Market acceptance for the new printing technology is exceptionally high. We have already completed a wide range of projects with customers from the most diverse of sectors,” reports Schliep.

With its online shop Thimm Group has also established its first e-commerce start-up and is further developing in the area of digital business models. The shop sells standardised packaging made of corrugated, along with added-value accessories to small and medium-sized enterprises and to private customers and opened in March 2018.