Mar 11, 2015. /Lesprom Network/. The Model Group recorded consolidated sales of CHF 709 million ($710 million) in the 2014 fiscal year. This represents an increase of 3% over the previous year. It made investments of CHF 60 million ($60 million) and employed an average of 3,251 people in 2014 (+ 3%), as the company said in the press release received by Lesprom Network. 

The increase in consolidated sales would have corresponded to a 5.4% gain had currency exchange rates remained the same. The devaluation of two currencies, the Ukrainian hryvnia (-30%) and the Czech koruna (-7%), was particularly striking. Almost all of the group's plants contributed to the increase in sales, with the strongest growth coming from corrugated cardboard operations in the Czech Republic, Poland and Croatia.

The strong franc is shrinking domestic market production. While this will result in strong purchasing power abroad, it is also causing prices to fall. In order to maintain sales in a shrinking market, Model will make significant investments in innovation and higher productivity, effectively turning Switzerland into a laboratory for the European Model Group.

Model Group develops, produces and delivers intelligent, innovative, high-value packaging solutions using cardboard and corrugated board.