We are delighted to present to you our annual report for the financial year 2021.
The coronavirus pandemic and restricted supply chains continued to challenge companies worldwide and slowed economic expectations.
In this environment, Progroup performed strongly and achieved the highest sales revenues in its history.
Demand for our products increased again, resulting in higher sales volumes for paper and board– at higher recovered paper prices. This cost hike was accompanied by better sales prices, which had a positive impact on our profit margin.
We continued on our growth path and submitted the planning application for a cutting-edge refuse-derived fuel (RDF) power plant in Sandersdorf-Brehna. The construction of the new corrugated sheet feeder plants PW14 in Stryków, Poland and PW15 in Petersberg, Germany are also progressing according to plan.
Progroup is therefore very confident about the future.