Tetra Pak Full-Year Report 2022

2022 was a difficult year for Sidel and for the entire packaging industry. Following the pandemic crisis, there has been a huge need among food and beverage producers to invest in packaging equipment and increase their production capacity.

Sidel therefore, had a very high order intake during the year, but the global shortage of components has prolonged delivery times in our industry substantially.

• In 2022, Sidel Group net sales amounted to €1.4 billion, compared with €1.4 billion in 2021.
• Order intake increased by 3 per cent for capital goods, slightly surpassing an al- ready outstanding year. However, the short- age of components affected our working capital negatively, as Sidel continues to work diligently to shorten lead times.
• Successfully increased sales of services, up 11 per cent versus 2021 at comparable rates, as our customers needed to maintain and improve their existing pro- duction lines.
• High inflation and energy costs affected our business and were mitigated by increased prices for packaging equipment across industry , and we introduced new efforts structural costs