Model Group has confirmed it achieved consolidated group sales of CHF 862m in the past financial year, which corresponds to a decline of -6% compared to the previous year.
However, the sales volume of corrugated packaging increased by +7% compared to 2023. The decline in sales is due to a decline in prices and exchange rate effects.
On average, Model Group employed 4,349 people (previous year: 4,335), 770 in Switzerland. Investments remained at a high level of CHF 158m (previous year: CHF 246m). The main focus of investments was the completion of the paper mill in Eilenburg, Saxony.
With the start of the paper machine on September 4, 2024, an important milestone was reached in the realisation of the largest investment in the company’s history. In addition, investments were made in the latest flexo and digital printing technology at the site in Weinfelden, Switzerland.
With the ramp-up of the paper mill in Eilenburg, Model said it will further expand the production of lightweight packaging papers this year. The resulting impetus for the corrugated packaging range will have a positive impact on demand for products, which is why the comapny expect sales volumes to rise again this year despite the possibly continued depressed market sentiment.
