TOP10 metal packaging companies first half performance disclosure

U.S. and European metal packaging companies first half performance disclosure: revenue plummeted by more than 30 billion

Core reminder: Recently, the top 10 main business income ranking data of major metal packaging companies in the United States and Europe in the first half of 2020 have been disclosed (excluding DS Smith). Affected by the epidemic, the economic conditions of various industries have been affected.

Recently, the top 10 main business income ranking data of major metal packaging companies in the United States and Europe in the first half of 2020 have been disclosed (excluding DS Smith). Affected by the epidemic, the economic conditions of various industries have been severely hit, and the global paper packaging market is inevitable. .

It is not difficult to see from the chart that due to the impact of the pandemic, the revenue and profitability of leading metal packaging companies in the United States and Europe in the first half of 2020 have generally experienced varying degrees of data decline. Excluding DS Smith, whose data has not yet been disclosed, the total revenue of the companies on the list in the first half of 2020 plummeted by nearly US$4.54 billion year-on-year, and the total profit fell by nearly US$1.36 billion.

  Except for Stora Enso's net profit and net profit attributable to the parent increased year-on-year (year-on-year growth of 5.4% and 2.7% respectively), among which, the top three US and European companies IP, WestRock, and Oji's revenue fell 9.7% year-on-year respectively , 6.7%, 8.0%; its net profit decreased by 82.4%, 20.9%, and 62.8% year-on-year, respectively. The decline in profit level was significantly higher than the decline in revenue. This also reflects the impact of the epidemic on the production of metal packaging companies to a certain extent. The impact on production costs is even more serious. For example, the increase in production losses caused by the epidemic, the increase in raw material quotations, the costs of various measures for staff and production health and safety, etc., these factors are a significant cost for any large metal packaging company , Resulting in a big discount on the company's net profit data.

 A sudden epidemic broke the original business environment of the metal packaging market. As one of the economic basic industries, metal packaging is closely related to the global economy, consumption and foreign trade, and the impact is obvious. In the face of the new business environment and the continuing impact of the epidemic, the global metal packaging industry needs to change its thinking to deal with future uncertainties and many challenges.