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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 – 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 ....

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