Most industries are currently going through a transition where digitalisation plays a key role. Consumers prefer a more customised offer, where algorithms and data can create personalised experiences. Both in terms of products and services, but also, in our case, more personalised packages. The transition also entails an increasing opportunity for product traceability and to safeguard food safety. These are trends that both brand owners as well as the packaging industry and suppliers to dairy farmers need to consider and respond to. And indeed, technological development and digitalisation can support them with data, speed and precision to stay competitive in the current transformation.
Tetra Laval Group’s net sales 2018 amounted to €13.6 billion, a nominal decrease of 2 per cent compared with 2017. At comparable exchange rates, sales increased by 2.4 per cent. All industry groups successfully grew service sales while Tetra Pak and DeLaval also grew equipment sales. The Group reported a decrease in operating profit, mainly attributable to the adverse currency effects, competitive pressure, escalating raw material costs and tough economic conditions in some markets. I want to express my gratitude to our dedicated personnel for their commitment during a challenging year.
Read full article: Comments by the chairman of the board