She speaks of a “challenging market environment” and the continued high ambitions that Greiner has – during Saori Dubourg’s first media appearance, the new CEO of the plastics processor from Upper Austria presented the figures for 2023. And they reported reduced sales.
67 days after Saori Dubourg succeeded Axel Kühner as CEO of Greiner AG, the manager, together with her board colleagues Hannes Moser and Manfred Stanek, presented the figures for the past financial year, which placed many demands on the plastics processor and foam producer.
Because: in all three divisions of the company, which operates from Kremsmünster, turnover lagged behind expectations. Ultimately, this means a drop in turnover from 2.3 billion euros to 2.1 billion euros. “Through greater efficiency, restructuring and cost savings, we have managed to absorb a large part of the negative circumstances,” emphasizes CFO Moser.
In which areas was demand mainly in crisis? In terms of packaging, there was less demand for premium products as consumers increasingly started using their own brands due to high inflation. In addition, there was less demand for technical plastic parts from the tool industry. Foams for mattresses and upholstered furniture were also much less popular. There is talk of a “drastic volume drop”.
All production facilities are currently in operation
Because hospitals, laboratories and clinics still had well-stocked warehouses, the medical products division Greiner Bio-One also began to falter. Nevertheless, it is emphasized that production utilization is relatively stable. There is currently no reduction in production capacity or closure of factories in Greiner, it is said. At the end of 2023, Greiner employed more than 10,500 people worldwide, including 1,933 in Upper Austria.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
