Thimm Group increases revenues in 2022

Thimm Group has closed the 2022 financial year successfully. Revenues increased to €723m and EBITDA to €105m.

Due to the sale of Thimm Packaging Systems, the number of employees fell to 2,425 including 103 apprentices.

Kornelius Thimm, CEO of Thimm Group, says, “Despite extreme price increases for our raw materials and high levels of uncertainty in our sales markets, we still significantly increased our company result. The sale of our industrial packaging division and the associated focus on our customers in the consumer goods sector led to an overall good result in the last financial year. This has created an important basis for the implementation of the investment programme announced in the previous year. With this €400m investment programme, we are laying the foundations for the successful implementation of our growth strategy ‘THIMM 2030’.”

He continues, “For several years we have noted the strong demand for innovative and sustainable packaging solutions, especially for consumer goods for everyday use and for e-commerce shipping packaging. This is where we see our core competence and we have therefore aligned our company accordingly over the last year.”

Thimm concludes, “We are aware of the tense market situation, and we are continuing to adapt to ongoing uncertainties in terms of sales and cost development in 2023. Nevertheless, we assume a stable earnings performance. Our family business is well equipped because we have great employees who work together to advance the company with their qualifications, success orientation and passion. At the same time, we are not afraid to put ourselves to the test. For example, as part of our ‘THIMM 2030’ strategy, we are working on the further development of our brand. I am sure that with the new brand orientation, we will inspire employees, customers and partners even more. Our investment programme is also enabling us to establish the company on a digital and sustainable basis in the best possible way so we can continue to be the innovative, reliable partner for our customers.”

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