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Group’s growth continues

5. Jun. 2018
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Model Holding AG, CH-Weinfelden - The Model Group, which operates in the field of cardboard and corrugated board packaging, recorded consolidated Group revenue of CHF 915 million in the 2017 fiscal year. This represents an increase of 4.6% over the previous year. The Group employed an average of 4,285 members of staff during the reporting year, 68 more than in 2016. The proportion of these in Switzerland is 21%, with 917 employees. The main reason for the increase in revenue was the simultaneous growth of all national markets where the Model Group is represented. The triumph of corrugated board packaging solutions has become a Europe-wide phenomenon, meaning there have been bottlenecks in corrugated board deliveries that are still creating significant increases in paper prices. These have not yet been able to be passed onto the market in the required magnitude on the packaging side. CHF 86 million were invested in modernisation, sustainability and expansion projects.

Excellent turnover volumes
The Model Group sold more than 1,246 km2 in corrugated board packaging/corrugated board sheets in its national markets in Switzerland, Germany, Poland, the Czech Republic, Benelux, France, Austria, Slovakia and Croatia. Counted together, all cardboard and corrugated board packaging units comprised a total of 3,778,401,502 – around five packaging units per European. Combined, the two Swiss paper factories in Weinfelden and Niedergösgen produced more than 388,000 tonnes (2016: 383,000) of waste paper-based corrugated board.

Outlook
The general strength of the economy and the particular success of corrugated board as an increasingly popular packaging material form a good foundation for demonstrating the important contribution our industry makes to economic value creation. Investments equalling those of the previous year are expected for the current fiscal year.

© 2018 Model AG, Weinfelden