A further softening of global GDP and rising competition within the liquid food packaging sector made 2014 a challenging year for Tetra Pak. Despite this, the company achieved net sales of €10.9 billion, up 1.7 per cent from 2013, with strong growth in Capital Equipment and Technical Sales helping to offset a disappointing year for packaging material.
“Against the backdrop of a tough year, with slower packaging material growth than originally expected, we saw clear evidence that our business strategy is working. Capital Equipment sales reached almost €2 billion and Technical Sales topped €1 billion for the first time in the company’s history. Our processing business closed the year with a record high order backlog, up 20 per cent compared with the end of 2013. And we saw a significant increase in sales of our advanced packing formats: 7.1 billion more packs reached the shelves in 2014 than in 2013, offering customers optimal functionality and differentiation,” Tetra Pak President and CEO Dennis Jönsson commented.