Added to YB: 2026-05-05
Pitch date: 2026-05-01
VETN.SW [neutral]
Vetropack Holding AG
-3.1%
current return
Author Info
No bio for this author
Company Info
Vetropack Holding AG, together with its subsidiaries, manufactures glass packaging products for the food and beverage industry in Switzerland, Austria, the Czech Republic, Croatia, Slovakia, Ukraine, Italy, the Republic of Moldova, and Romania.
Market Cap
CHF 398.5M
Pitch Price
CHF 20.95
Price Target
N/A
Dividend
2.49%
EV/EBITDA
4.58
P/E
105.79
EV/Sales
0.70
Sector
Containers and Packaging
Category
turnaround
The Cornaz Family - Swiss Glass Packaging Entrepreneurs - Vetropack Holding AG
VETN.SW (overview): Swiss glass packaging co founded 1911 by Cornaz family, who retain 70-72% voting control via dual-class structure despite ~35-40% economic stake. Conservative balance sheet, no leverage, acquisitions funded internally (Moldova 2020). Geographic expansion across CEE, Italy since 1986; exited plastics diversification mid-90s to refocus on core glass. Weathered 2022 Ukraine war/energy crisis, resumed Ukraine production 2023. Closed legacy plants (Bülach 2002, St-Prex 2024) on cost pressures. Claude Cornaz (chair, ex-CEO 2000-18) remains hands-on. Strategy: lightweight glass innovation, capacity optimization, resilience over growth.
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