Vetropack Group can report broad-based growth
Vetropack Group can report broad-based growth. It increased its net sales of goods and services by 5.0% to CHF 631.5 million, while unit sales rose by 4.0% to a new record high of 5.07 billion units of glass packaging. The Group grew consolidated EBIT by 30.0% year on year to CHF 64.1 million, which meant an improved EBIT margin of 10.1% (2016: 8.2%).
Financial key figures for 2017:
* • Net sales: CHF 631.5 million (2016: CHF 601.7 million)
* • EBIT: CHF 64.1 million (2016: CHF 49.3 million)
* • EBIT margin: 10.1% (2016: 8.2%)
* • Consolidated profit: CHF 57.0 million (2016: CHF 42.6 million)
* • Net liquidity: CHF 68.3 million (2016: CHF 16.9 million)
* • Cash flow: CHF 126.3 million (2016: CHF 105.1 million)
* • Cash flow margin: 20.0% (2016: 17.5%)
* • Equity ratio: 73.8% (2016: 72.0%)
Under favourable market conditions, Vetropack Group increased net sales from goods and services by 5.0% to CHF 631.5 million in the 2017 fiscal year (2016: CHF 601.7 million). This equates to growth of 3.4% in local currencies. Unit sales rose by 4.0% to 5.07 billion units of glass packaging over the same period (2016: 4.87 billion units), bringing Vetropack Group over the 5 billion unit threshold for the first time and marking a new record for unit sales. All Vetropack companies contributed to the increase in turnover and unit sales. The relationship between domestic sales and exports remained virtually unchanged in unit terms, with the former making up 56.6% (2016: 56.5%) an...
Financial key figures for 2017:
* • Net sales: CHF 631.5 million (2016: CHF 601.7 million)
* • EBIT: CHF 64.1 million (2016: CHF 49.3 million)
* • EBIT margin: 10.1% (2016: 8.2%)
* • Consolidated profit: CHF 57.0 million (2016: CHF 42.6 million)
* • Net liquidity: CHF 68.3 million (2016: CHF 16.9 million)
* • Cash flow: CHF 126.3 million (2016: CHF 105.1 million)
* • Cash flow margin: 20.0% (2016: 17.5%)
* • Equity ratio: 73.8% (2016: 72.0%)
Under favourable market conditions, Vetropack Group increased net sales from goods and services by 5.0% to CHF 631.5 million in the 2017 fiscal year (2016: CHF 601.7 million). This equates to growth of 3.4% in local currencies. Unit sales rose by 4.0% to 5.07 billion units of glass packaging over the same period (2016: 4.87 billion units), bringing Vetropack Group over the 5 billion unit threshold for the first time and marking a new record for unit sales. All Vetropack companies contributed to the increase in turnover and unit sales. The relationship between domestic sales and exports remained virtually unchanged in unit terms, with the former making up 56.6% (2016: 56.5%) an...
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