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Vetropack : Fiscal year characterised by COVID-19 pandemic – Vetropack Group results at a good level

Dear Shareholders,
In a challenging environment shaken by the Covid-19 pandemic, Vetropack Group achieved an EBIT margin of 11.5% (2019: 12.5%).
Consolidated net sales stood at CHF 662.6 million (2019: 714.9 million).
At the end of the year, the Group acquired a glass works in Moldova in a takeover which was financed by the Group s own funds.
Vetropack Group consistently drove forward its successful expansion strategy and acquired the
Moldovan Glass Container Company S.A. glass works on 10 December 2020. With this acquisi tion, the Group is growing in a region where it has been successfully manufacturing and selling glass packaging for almost three decades. The new subsidiary fits seamlessly into Vetropack s markets in Central and Eastern Europe. ....

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Vetropack Holding AG (via Public) / Fiscal year characterised by COVID-19 pandemic – Vetropack Group results at a good level

Fiscal year characterised by COVID-19 pandemic â Vetropack Group results at a good level
Vetropack Group consistently pursued its successful expansion strategy and acquired the
Moldovan Glass Container Company S.A. glassworks on 10 December 2020. With this acquisition, the Group is growing in a region where it has been successfully manufacturing and selling glass packaging for almost three decades. The new subsidiary fits seamlessly into Vetropack s markets in Central and Eastern Europe. The Moldovan subsidiary was fully consolidated for the first time as of 30 November 2020.
COVID-19 pandemic influences unit sales and net sales
Vetropack Group sold 4.86 billion units of glass packaging in the 2020 fiscal year (2019: 5.16 billion units), which was 5.9% less than in the previous year. As catering establishments were closed for months due to the coronavirus, demand for wine, beer and above all soft drinks, mineral water and fruit juices fell. The lockdown also ....

Italy General , Assembly Of Vetropack Holding Ltd , Vetropack Group , Moldovan Glass Container Company , Vetropack Holding Ltd , Annual General Assembly , Vetropack Holding Ag Via Public Fiscal Year Characterised By Covid 19 Pandemic Group Results Ata Good Level , இத்தாலி ஜநரல் , மோல்டோவன் கண்ணாடி கொள்கலன் நிறுவனம் , ஆண்டு ஜநரல் சட்டசபை ,