Schumacher increases its annual sales to 627 million eurosApril 24, 2019
In 2018, the Schumacher Packaging Group, one of the biggest independent and family-run manufacturers of packaging solutions made from corrugated and solid cardboard, increased its sales once again. Compared to the previous year, there was a growth in sales of over 6 percent – to the current figure of 627 million euros. The number of employees also climbed to more than 3300.
“Price before volume” growth principle
Björn Schumacher, Managing Director of the Schumacher Packaging Group, explains, however, that the increase in sales had not been the central objective for the past year at all: “In 2018, the packaging sector once again had to cope with a very difficult environment – increasing raw material prices for paper caused a drop in revenue and a major shortfall. Our motto was therefore “price before volume”. We are not unhappy, of course, that in spite of all this, we were able to achieve a considerable profit,” continues Björn Schumacher. “However, the revenues in the sector have not been at the level they should be for some time now. The increased costs in all areas still require strict price discipline.”