Vetropack Group recorded significantly lower revenues and profits in the 2025 fiscal year. As the Swiss glass packaging manufacturer announced, price pressure, overcapacity in the market and one-off costs had a negative impact on earnings. At the same time, the company is working on capacity adjustments and new production lines for lighter glass bottles.
Vetropack's net sales fell to CHF 778.9 million in 2025, down CHF 7.5 % on the previous year. The operating result fell from CHF 34.3 million to CHF 21.6 million, while consolidated profit fell from CHF 13.7 million to CHF 3.8 million. Excluding currency effects, the decline in sales totalled 5.9 %.
Price pressure and overcapacity impact business
According to the company, the market environment in 2025 was characterised by weak demand, falling prices and overcapacity. Stabilisation towards the middle of the year did not continue on a sustainable basis. At the same time, the high proportion of fixed costs in the glass industry makes it difficult to adapt quickly to market fluctuations.
Additional charges arose from one-off costs in connection with the closure of the St-Prex site and impairment losses on assets. These effects totalled CHF 15.9 million in 2025. Adjusted for these special effects, the operating result totalled CHF 37.5 million after CHF 58.6 million in the previous year.
Investments in energy and lightweight glass
Despite the difficult market situation, Vetropack invested a total of CHF 53.2 million in property, plant and equipment in 2025. The largest projects included the modernisation of the energy supply at several sites and the expansion of renewable energy.
Another photovoltaic system was installed at the Croatian site Hum na Sutli, which will generate around 1,900 MWh of electricity per year. The company is also building a production line for lightweight glass bottles in Pöchlarn. The planned line for the Rezon lightweight glass bottles is scheduled to go into operation in the course of 2026 and represent an important step towards series production.
Cautious outlook for 2026
Vetropack continues to anticipate a challenging environment for the current fiscal year. With stable sales volumes, the company expects lower net sales than in the previous year due to the ongoing price pressure. However, the operating margin could increase slightly as a result of the measures introduced.
Vetropack sees additional uncertainty in geopolitical developments and possible energy price fluctuations. The company also intends to after the CEO change at the beginning of 2026 review its strategy and develop new initiatives for profitable growth. The results of this process are to be presented in August 2026.
Source: Vetropack
