The Model Group recorded consolidated Group revenue of CHF 991 million ($991 million) in the 2018 fiscal year. This represents an increase of 8% over the previous year, as the company says in the press release received by Lesprom Network.
This was accomplished with an average of 4,320 employees (+35), of which 917 are based in Switzerland, with approximately constant values compared to the previous year periods. Reasons for growth include price increases due to significant price inflation for the main raw material of paper, currency effects and market growth in all country markets in which the Model Group is active. CHF 54 million ($54 million) were invested in measures to improve quality and productivity.
At its 15 production facilities in Switzerland, Germany, Poland, the Czech Republic and Croatia, the Model Group produced approx. 1.4 billion m2 of corrugated board packaging units and corrugated board sheets, 400,000 tonnes of corrugated board and over 21,000 tonnes of cardboard packaging.
Model Group develops, produces and delivers intelligent, innovative, high-value packaging solutions using cardboard and corrugated board.
