Group’s growth continues

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.

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.