Model Group cardboard and corrugated board packaging, recorded consolidated Group sales of CHF 874 million ($874 million) in the 2016 fiscal year. This represents an increase of 42% over the previous year.
Model Group's FY 2016 sales increased by 42%
Model Group cardboard and corrugated board packaging, recorded consolidated Group sales of CHF 874 million ($874 million) in the 2016 fiscal year. This represents an increase of 42% over the previous year, as the company says in the press release received by Lesprom Network. The Group employed an average of just over 4,200 members of staff during the reporting year, nearly 1,000 more than in 2015. The proportion of these in Switzerland is 22%, with over 900 employees. The main reason for the growth is the acquisition and integration of the former P-Well Group in Germany by Model GmbH, which is running according to schedule. The expansion of geographical markets increased the number of European Group customers, so that important national markets such as the Czech Republic, Poland, Benelux and Switzerland were able to contribute to the growth trajectory with over 4%. CHF 88 million ($88 million) were invested in innovation, modernisation and expansion projects.
