Despite a significant drop in market prices for paper and pulp, Heinzel Group recorded the second best result in the company’s history in 2019 and is therefore well equipped for the current corona crisis.
While production volume was further increased to slightly over 1.6 million metric tons, net sales, at Euro 1.92 billion, fell short of the all-time high of Euro 2.1 billion in the previous year. The strong decline in recovered paper prices could only partially offset this development so that EBITDA (Euro 181 million), EBIT (Euro 115 million) and net profit for the year (Euro 86 million) were also below the record levels of 2018.
In addition to the newly constructed PM3 in Pöls with investments totaling EUR 130 million, conversions and quality improvements were carried out at all plants in 2019. All of these investments were aimed at further increasing capacity and reducing the use of chemicals and energy. Moreover, Heinzel Group again extended its range of activities in the Trading Business.
All of these measures provide the basis for Heinzel Group to continue its growth course.
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.
