VPK Group delivered solid performance in 2023. Thanks to our integrated business model, diverse product portfolio and strong customer base, we adapted agilely to market dynamics and strategically invested in projects to support future growth.
In 2023, VPK Group successfully adapted to a dynamic market environment. As consumer spending adjusted and demand for corrugated packaging decreased after the strong Covid years, we strategically managed our investments. Volumes reduced by 4%, in line with broader market trends. Combined with lower energy prices, this resulted in lower paper prices, while inflationary costs increased. Thanks to our strategic investments, VPK Group maintained its strong position and demonstrated resilience in a changing landscape.
Jun 26, 2024