Tetra Pak posts 3.5% sales growth in 2013

Tetra Pak has reported net sales of Euro 11.1 billion for the year 2013 – up 3.5% from 2012.

“The combination of strong competition and soft economies in many markets around the globe created a tough business environment for Tetra Pak last year,” said Tetra Pak President and CEO Dennis Jönsson. “But despite this, we achieved growth in all areas of our business, with particularly strong performances in processing solutions, capital equipment and technical service.”

Packaging Solutions: The company’s Packaging Solutions business reported net sales of Euro 9.6 billion for the year, with packaging material volumes rising 3% compared with 2012. The company delivered more than 178 billion packs to customers worldwide.

The packaging business also reported solid growth in Capital Equipment, with sales climbing 15% from 2012 on the back of more than 580 new filling machines deliveries across the globe, led by healthy demand from customers in Greater China and Central & South America.

Technical Service (TS) within Packaging Solutions reported similarly strong gains, increasing net sales by 11% year-on-year, with significant growth in Service contracts, which now account for around 25% of the total TS business, compared with 20% in 2012.

Processing Solutions: Sales within Processing Solutions reached Euro 1.5 billion in 2013, up 16% year-on-year, with solid growth in all markets, company said.

Excluding acquisitions, growth was 13%, reflecting a healthy increase in Technical Sales and Service, which climbed 15% year-on-year, and solid gains in new equipment sales to the beverage and prepared food categories, up 19% and 15% respectively.