Tetra Pak’s revenues reached €11.9 billion in 2015, a rise of 7.5% on the previous year, as a strong business performance helped overcome the impact of continued challenges in the global economy. Positive currency impacts accounted for 6.3% of the increase, but the company also reported solid growth in both Services and Processing Solutions, while its Packaging sales advanced at a more modest rate.
Revenues from Packaging Solutions totalled €10.1 billion in 2015, a rise of 6.4% compared with the previous year, with particularly strong growth in Technical Service. In spite of the more challenging global economic environment, sales of packaging materials were slightly higher, with 184 billion packs sold in 2015 compared with 180 billion in 2014.
The Processing Solutions division saw revenues reach €1.7 billion in 2015, the highest in Tetra Pak’s history. All five of the company’s geographical clusters grew, with double-digit growth in both Greater China and Greater Middle East & Africa. Processing Technical Sales & Service revenue was particularly strong, with a 17.0% increase, at prevailing rates, compared with the previous year.
Services revenues, which combine Packaging and Processing Solutions, reached €1.2 billion in 2015, with strong growth in new categories. These include production line upgrades, consumables such as lubricants and adhesives that are used in production, and expert services, which are directed at improving operational performance.