In 2018, Heinzel Group recorded the best result in its history. In addition to the positive market price development, it was above all the record output of roughly 1.6 million metric tons in the group’s mills that caused net revenues to increase from Euro 1.8 billion to roughly Euro 2.1 billion. Heinzel Group thus surpassed the Euro 2 billion revenue mark for the first time in 2018, as the company says in the press release received by Lesprom Network.
The group’s operating result (EBIT) of Euro 194.8 million (2017: Euro 73.6 million) is primarily attributable to strong production, high market prices for paper and pulp, and low recycled paper costs. On this basis, net income, at Euro 145 million, also significantly exceeded the prior-year level (Euro 55 million).
Heinzel Group, which is united under the Heinzel Holding umbrella, is one of the biggest producers of market pulp and packaging papers in Central and Eastern Europe with its industrial locations in Austria, Germany, Estonia.
