Significant progress was made in this second year of Quadpack's five-year business strategy, which focuses on five pillars: geographic expansion, agility, sustainability, collaborative innovation and being a great place to work. The resulting increase in gross margin was eroded by 2% through inflationary pressure, keeping EBITDA at similar levels to 2020. While Quadpack initially absorbed the increase in transportation and raw material costs, it proactively protected margin, with price increases throughout the year.Ĭonsolidation of manufacturing led to an increase in sales of own-manufactured products to 40%. Monthly order intake returned to pre-COVID levels from March 2021, averaging €11 million. Sales reached almost €60 million in the second semester, up 28% from €47 million in the first half year. The outlook is positive, strengthened by our new B Corp status, which helps us balance profit and purpose,” said Quadpack CFO Bardo Bevelander. The second half year saw a surge in order intake across all regions and categories and we enter the next financial year with €60 million of firm business already booked. “The budget and plans defined 2021 as a recovery year and, despite a moderate operating profit, we positively value our achievements in the year. The company's efforts in ESG led to certification in 2022, an achievement that reflects the passion and enthusiasm of the global Quadpack family to make a positive impact on the world. Continued strong order intake in the second half of the year meant that 2022 started with a record order book.Ģ021 was a year dedicated not only to recovery, but also to becoming a B Corp.
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Due to COVID-related impacts, such as supply chain issues, raw material shortages and labour scarcity, full turnover recovery was not noted until the second semester. EBITDA was similar to 2020 at €7.7 million, which lead to a net loss of €2.3 million. Turnover presented a 4% growth at €106 million.
Quadpack Industries (Euronext Growth: ALQP), manufacturer and provider of packaging solutions to the global beauty industry, reported subdued results for the year ending 31 January 2022. CAPEX of €5 million focused on sustainable capacity, decoration and digitalisation.Net loss of €2.3 million (vs €1.5 million net loss in 2020), partly due to €0.5 million impairment from Quadpack Plastics.Operating profit (EBIT) at €1 million (vs €0.2 million in 2020).EBITDA €7.7 million (a decrease of 9.5% vs 2020).Acquisition of decoration company Stefan Wicklein Kunststoffveredelung GmbH.Turnover of €106 million in year ended 31 January 2022.
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