Swiss cardboard packaging maker reports lower sales

Photo The Model Group

Revenues decrease The Model Group, a Swiss company specialised in making solid and corrugated cardboard packaging, has reported consolidated Group sales of CHF 921 million for the past financial year. This represents a drop of 24 percent compared to the preceding year, the firm said in a statement. 


The lower annual sales were “due to a 7% drop in sales volumes of corrugated cardboard packaging, a fall in prices and changes to the product portfolio,” according to the Model Group.


At the company’s 15 production facilities in Switzerland, Germany, Poland, the Czech Republic and Croatia, the Model Group manufactured close to 1.3 billion sq. m. of corrugated cardboard packaging or corrugated cardboard sheets and 474,000 tonnes of packaging paper for corrugated cardboard production in its last financial year. This corresponds to an increase of 2% compared to the preceding year, the statement said.