Vetropack reported a 7.2% drop in sales in the first half of 2025, citing weak demand and volatile energy costs.

As forecast at the start of the year, the first six months of fiscal 2025 brought limited improvements for the Vetropack Group.

Net sales amounted to CHF 412.7 million (prior year: CHF 444.9 million) – a decrease of 7.2% compared to the same period of the previous year.

Meanwhile, the adjusted EBIT margin fell to 5.5% (first half of 2024: 8.5%).

The main reasons for this were volatile energy prices and muted demand from end consumers.

In addition, there was a slight increase – of 4.3% – in its consolidated profit, bringing the figure to CHF 9.8 million (approximately $12.1 million).

In view of this, Vetropack does not anticipate growth in the second half of the year.

However, it does expect consolidated profit for 2025 to exceed the previous year’s level.

2024 was particularly challenging for the company, marked by the closure of its St-Prex plant, declining demand, overcapacity, and sustained price pressure.

In 2025, the situation in most of its core markets continues to be tense, and the recovery Vetropack was hoping for has not yet materialised.

Instead, the consumer goods market is proving to be very changeable – and this is impacting demand for glass packaging.

Against this backdrop, Vetropack is securing the financial stability of its group of companies by implementing consistent cost control, a conservative investment and personnel policy, and proactive management of its production capacities.

At the same time, it is targeting its investments at projects that will strengthen its competitive edge in the long term.

2025 outlook

Vetropack said it was seeing the first positive signs in some markets, but the overall situation was not yet stable.

It said: “Uncertainties and global risks will continue to be the keynotes in the second half of 2025.

“The war in Ukraine is continuing, and economic policy changes in the United States may influence global markets and thus impact our group of companies as well.

“However, our sound financial base, our innovative strength and – last but not least – the team spirit of our employees across all our locations provide strong foundations for the continued success of our group going forward.”

The company expects sales and profitability to show stable development in the second half of the year.

The full report is available here: https://report.vetropack.com/h2025