Sales up 14 percent: Perlen Industrieholding looks to 2025 with confidence.
Perlen - Perlen Industrieholding grew sales by 14 percent in 2024 in addition to further increasing the market share in Western Europe. Despite this, a temporary loss was recorded. The company, which was newly formed from Perlen Papier and the real estate assets at the Perlen industrial site in the canton of Lucerne, expects to record improved margins again in 20
According to a press release, Perlen Industrieholding AG increased its sales volume by 14 percent across the full calendar year of 2024, despite the fact that demand for newsprint paper and coated magazine paper in Western Europe declined by 2.0 percent and 2.4 percent respectively. However, this was a far smaller year-on-year decline than that seen in 2023, when the demand for newsprint paper dropped by 21 percent and coated magazine paper by 25 percent.
«The demand in Western Europe for publication paper had seen an exceptionally steep decline in 2023 which left the industry with substantial overcapacities in 2024», as Peter Schildknecht, CEO of Perlen Industrieholding AG, explains in the press release. «As a result, we are presently in a phase of lower paper prices. And this in turn is further accentuating the industry’s consolidation». According to the press release, this price pressure has led to a «temporary net loss for the year».
Nevertheless, Perlen Papier AG succeeded in increasing its sales volume by 14 percent across the full calendar year of 2024, while the company also increased its market share in Western Europe for both newsprint and magazine paper products.
On June 25, 2024, Perlen Industrieholding was spun off from CPH Chemie + Papier Holding AG, which has since been operating as the CPH Group. The new spin-off comprises Perlen Papier AG and the real estate assets at the Perlen industrial site.
At the time of the spin-off until the end of 2024, net sales at Perlen Industrieholding amounted to 119 million Swiss francs, which equates to 244 million Swiss francs when extrapolated to the full year 2024. According to the information, the company has significant real estate holdings and is debt-free. Perlen Industrieholding is reportedly continuing to invest in optimizing its processes and increasing efficiency, with further revenue growth projected for 2025.
