The Model Group increased its consolidated group sales from CHF 859m to CHF 1.07bn in the past business year, which corresponds to an increase of 25%.
The company says this was due to a higher average price for corrugated and solid board packaging, significantly higher paper and board prices and a higher production volume.
On average, Model Group employed 4,450 people (previous year 4,225), 822 of them in Switzerland. Investments also reached a peak of CHF 150m (previous year CHF 57m).
Highlights of the year were the acquisition of the Stora Enso paper mill in Eilenburg, Saxony, with the subsequent change of name to Model Sachsen Papier GmbH, and the commissioning of the corrugator in Nowa Sol, the third in total in Poland.
The Model Group produced almost 1.6 bn sqm of corrugated packaging and sheets at its 16 production sites in Switzerland, Germany, Poland, the Czech Republic and Croatia, which corresponds to growth of more than 5%, and 408,000 tonnes of packaging paper for corrugated board production.
