Koehler Invests More than 91 Million Euros

Koehler Group publishes figures for 2020 financial year: Despite the worldwide impact of the Covid-19 pandemic and the fall of total sales for German paper industry, the Koehler Group managed to perform relatively well in its market and maintained its competitive edge and invested more than 91 Million Euros during 2020.

In the 2020 financial year, Koehler Group’s revenue fell by 11.7% to 769 million euros. The operating result of 66 million euros is significantly lower than the previous year’s figure and therefore significantly below target. Koehler Paper saw its sales volume fall by 1.5%, with the decrease essentially due to the decline caused by the Covid-19 pandemic. Koehler Group’s equity grew by 29 million to 590 million euros during the previous financial year. The equity ratio therefore equals 57.2%, with a decrease in the balance sheet total, and has clearly exceeded the long-term objective of more than 40%.

Kai M. Furler, CEO of the Koehler Group, on the results of the financial year: “The previous year was not a good year for Koehler. Our export quota is 70%, which means that we are heavily influenced by global changes. This is something we have felt keenly during the coronavirus pandemic.” Above all, the restricted availability of raw materials on the world market and insufficient transport capacities have represented a challenge for the company since the end of last year. “Having prepared for this situation, we have so far survived the coronavirus crisis with only minor damage,” continues Furler.

Positive Outlook for the Current Financial Year 2021
After a difficult year in 2020, the Group is looking forward with confidence to 2021. Koehler Paper is planning for a significant revenue boost in 2021 compared to the previous year, for all divisions apart from thermal paper and fine paper. Further growth is also expected in the renewable energy business field. The acquisition of the Zollikofer Group in April 2021 will mean a significant increase in revenue and, in turn, in the operative result. Further acquisitions are planned in renewable energies such as biomass, wind, hydro and solar energy. In line with this, there are also plans to commission five further wind parks, two more biomass plants, and four photovoltaic plants in the medium-term.
https://www.koehlerpaper.com/en/news/publications/Koehler-Group-Publishes-Figures-for-2020-Financial-Year-.php

Related Posts

Sappi Cloquet Mill completes the Higg FEM self-assessment for dissolving pulp

The self-assessment results, have exceeded internal expectations and positions the operation as a leader in sustainable practices, evidenced by a low environmental footprint. Unfortunately, current Covid-19 restrictions have prevented an on-site verification process from taking place, however members of the SAC are invited to connect via the Higg portal to view the results and engage with us further in this regard. The Higg FEM is part of the Higg Index suite of tools that was developed by the SAC to allow the apparel industry to measure their sustainability performance. Sappi joined the SAC in February 2019 and remains a committed member of the organisation, being a participant in many of the SAC events and engaging in ongoing discussions on how to enhance the tools on offer.

New Senior Vice President Sales and Marketing at Iggesund Paperboard

Kenneth Nystén has a solid background in the pulp and paper industry, from various positions in companies such as Stora Enso and Metsä-Serla. He comes most recently from the Finnish chemicals company Kemira Oy. Kenneth Nystén was born 1958 in Espoo, Finland. He holds a Bachelor degree in Economics from Uppsala University and an MBA from Seton Hall University in the U.S. “Kenneth is a driven business manager with a broad experience from leading positions within our industry, in particular the paperboard industry. His proven ability to create strong results and motivated sales teams, will be of great importance as we move forward and further develop our paperboard business” says Daniel Peltonen, President and CEO at Iggesund Paperboard. Click Read More below for additional information.

Tronox Reports First Quarter 2021 Financial Results

First Quarter 2021 Financial Highlights: *Record revenue of $891 million increased 14 percent sequentially, driven primarily by double-digit growth in both TiO2 and zircon volumes and 3 percent higher TiO2 average selling prices *Income from operations of $125 million; Net income of $26 million *GAAP diluted income per share of $0.12; *TiO2 sales volumes increased 15 percent sequentially, at the top end of the guided range, driven by global demand strength led by growth in Europe and Asia Pacific; TiO2 average selling prices increased 3 percent sequentially, with price increases implemented in all regions *Zircon sales volumes increased 30 percent sequentially as a result of stronger than expected market growth, particularly in China, while selling prices remained level *Feedstock and other products sales decreased 29 percent sequentially, primarily due to the conclusion in the fourth quarter of 2020 of the mandated chloride slag sales per the Federal Trade Commission (“FTC”) consent order relating to the Cristal acquisition
Back To Top
×Close search
Search