Vetropack Holding Ltd.

Latest Results (26.12.2025):

Vetropack Holding Ltd. — results for Q4 2024 (year ended 31 December 2024): the Group reported full-year net sales of CHF 842.1 million (‑6.3% vs 2023) and a consolidated profit of CHF 13.7 million (down from CHF 63.3 million in 2023). Earnings and operating profit declined materially in 2024, while operating cash flow improved and the balance sheet stayed solid with shareholders’ equity rising slightly to CHF 758.2 million.

Revenue and operating performance

Net sales: CHF 842.1m in 2024 vs CHF 898.8m in 2023 (‑6.3%). Operating result (EBIT): CHF 34.3m vs CHF 91.3m in 2023, reflecting lower margins and higher specific costs.

Net profit and EPS

Consolidated profit: CHF 13.7m (2023: CHF 63.3m). Undiluted earnings per share A: CHF 0.69 (2023: CHF 3.19); per share B: CHF 0.14 (2023: CHF 0.64).

Cash flow and investment

Cash flow from operating activities improved to CHF 135.8m (2023: CHF 72.4m), helped by working capital reductions. Investments in tangible assets fell to CHF 85.5m (2023: CHF 235.6m), so cash flow after investing was less negative than prior year.

Balance sheet strength

Total assets: CHF 1,237.7m (31.12.2024). Shareholders’ equity: CHF 758.2m (up from CHF 750.7m), giving an equity ratio of ~61% — a robust capital structure.

One-off / restructuring impact

Closure of the St‑Prex production site was approved in May 2024. Costs related to plant closure (2024) total CHF 24.3m (personnel, impairments and inventory write‑downs included) and materially weighed on 2024 results.

Regional sales mix

By supplying country (2024): Switzerland/Austria CHF 304.8m (‑10.0%), Czech/Slovakia CHF 155.1m (‑3.4%), Croatia CHF 182.7m (‑2.0%), Ukraine/Republic of Moldova CHF 70.6m (‑16.0%), Italy CHF 117.1m (+0.9%). Speciality glass (Switzerland) CHF 11.8m (‑11.3%).

Financial result and taxes

Net financial result: CHF ‑12.2m (2023: ‑10.9m) — higher net interest and FX effects. Income tax expense: CHF 11.0m (2023: CHF 15.8m). Vetropack recognised Pillar Two top‑up tax provisions of CHF 2.7m for 2024.

Liquidity and net debt

Liquid funds at year-end: CHF 68.2m (down CHF 14.0m). Financial debt reduced to CHF 219.1m (from CHF 255.7m). Lower capex and improved operating cash flow helped reduce net leverage.