A successful year for the Model Group
CH - 19.02.2020: Model Group’s 2019 financial year was characterised by stable sales figures and challenging markets. The producer of cardboard packaging and other paper products achieved a group turnover of CHF 942 million (-5%). This slight decline can be explained by an increase in the internal use of Model Group corrugated board and the strength of the Swiss franc.
As a result, the group generally showed modest negative organic growth of -2%. Investments amounted to a total of CHF 48 million.
In spite of the slight decrease in figures compared to the previous year, the fluctuation in the number of employees (4,287) remained at a normal level (-0.8%).
Excellent turnover volumes continue
Last year, Model Group produced about 1.45 billion square metres of corrugated board packaging and corrugated board sheets (+3.5%). With an average width of 2.5 metres, this corresponds to a total length of approximately 580,000 km – a distance equivalent to five times the world’s circumference (+1) plus a journey to the moon. In addition, the group produced 404,000 tonnes of corrugated board (+1.1%) and more than 21,000 tonnes (±0%) of cardboard packaging.Click to read more
Model Group expects a rise in the global market price of corrugated board and a further increase in the demand for packaging made from corrugated board. Revenue is expected to remain stable in the current financial year.Click to read more