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Turnover in the 2021 financial year grows by 22.4% to 941 million euros. Operating result of 76 million euros. Two pillars of “paper” and “renewable energies” secure growth.
The Koehler Group performed better than expected in the 2021 financial year despite challenging market and competitive conditions due to the ongoing impact of the worldwide COVID-19 pandemic.
Significant increase in turnover of 22.4% in the 2021 financial year
The conditions in the industry were marked by huge price hikes in the energy markets. Revenues in the reporting year are characterized by a rise in sales volumes and price increases, which could be made on the basis of rising raw materials prices and energy costs on the market. Turnover for the 2021 financial year increased by 22.4% from the previous year to 941 million euros. The operating result stood at 76 million euros, 13.7% higher than the previous year. Kai M. Furler, CEO of the Koehler Group, said: “We are delighted to have been able to meet our customers’ expectations in the past financial year and to have significantly increased our turnover despite the difficult conditions.”
As well as the challenges on the global markets, 2021 also saw the start of a transition towards an even more sustainable company. In the future, the Koehler Group will endeavor to implement sustainable, innovative solutions along the value chain. “The coming years will be shaped by our aspiration to realize the ambitious climate protection goals that we have set for ourselves,” adds Furler. The goals that the company has set for itself include, among others, the “2030 Koehler Promise”.
Turnover expected to increase further in the current financial year
Further significant growth in the turnover is expected for the current financial year. As in the preceding year, this is due to the increased energy prices on the global market, but also due to the continuing increase in demand for Koehler Group products. Early investment in renewable energies in particular is now paying off.