Vetropack Group increased net sales from goods and services by 23.3% to CHF 399.2 million ($437.1 million) compared to CHF 323.8 million ($354.7 million) last year.
A total of 7.1% of the increase in sales was generated by the new Vetropack glassworks in Moldova.
In Europe, the demand for glass packaging rose. Consumers were able to meet in the wider world again, be it in restaurants, cafés, bars or clubs.
Due to this booming demand, the newly reopened catering establishments had to build up their stocks. Vetropack Group responded to the resurgence immediately.
The high supply capability and additional capacities – especially the glassworks in Moldova which was purchased in November 2020 – were crucial for this.
In the first half of the year, it sold 2.89 billion units of glass packaging, 23.0% more than in the previous year (2.35 billion units).
As the sales volume of lower-priced products such as glass bottles for beer, mineral water and soft drinks in particular increased, the average price of glass packaging sold fell.
Vetropack employed 3914 people during the period under review compared to 3414 last year, 479 of whom work at its Moldova glassworks
It forecasts that consumer behaviour will not fundamentally change in the second half of the year and is therefore planning to fully utilise its expanded capacities. Under ideal conditions, revenue can reach the value of the first half-year and stocks can also be slightly built up.
It said it was also being affected by the noticeable global price increase of resources such as energy, raw materials, packaging and transport.
The inflation of production costs is going to lead to a general increase in sales prices. It is still to be decided how the price adjustments can be implemented in the second half-year.
“For this reason, we expect that the EBIT margin in the second half of the year will not match that achieved in the first half-year. The operating result for the entirety of 2021 will, however, be significantly higher than in the previous year.”