With no change to the high level of demand for glass packaging, the dominant features of the 2022 fiscal year were persistent delivery bottlenecks and rising prices. The loss of production capacity in Ukraine during the first quarter of 2022 made it more difficult to cover the demand situation. In this challenging environment, the Vetropack Group succeeded in increasing its net sales from goods and services by 10.2% to reach CHF 899.4 million in the 2022 reporting year. The Vetropack Group sold 5.26 billion units of packaging glass in 2022, 10.6 percent below the previous year's 5.88 billion units due to the Ukraine situation.

Johann Reiter, CEO of the Vetropack Group, sums up the challenging year under review in these words: "This year, we were able to achieve so many things that previously seemed unthinkable and unrealistic. Our sites undertook wide-ranging efforts to find solutions. This shows the Group's strength, and it has brought us closer together."

Vetropack was able to post consolidated EBIT of CHF 89.1 million for 2022. Due to war damage at the Ukrainian plant, a value adjustment of CHF 31.4 million had to be charged to the reporting period. The Vetropack Group's consolidated profit is CHF 40.7 million (2021: CHF 63.8 million).

Vetropack will celebrate the start-up of its new plant in Boffalora sopra Ticino in 2023, increasing the Group's capacity by about 7%. One of the two furnaces at the Kyjov plant in the Czech Republic will also be renovated in 2023. Despite these factors affecting capacity the Group's profit is expected to be significantly higher because no further value adjustments on the Ukraine plant are anticipated.

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