Printing inks and coatings manufacturer Hubergroup returns to profitability. " Thanks to the initiatives implemented, Hubergroup is now able to improve its positive margins and win more market share." says Britta Hübner, the Group's Director of Transformation, without giving details of the figures involved.
In recent years, the German-based producer, which has 3,000 employees and is forecasting sales of 812 million euros for 2022, has strengthened its capacities, refined its portfolio and improved its cash flow and profitability, Britta Hübner points out. "These efforts have considerably strengthened our market position and our room for manoeuvre."
In particular, Hubergroup intends to focus more on inks and packaging chemicals, "key factors for future profitability" .
Targeting the Asian market, where the annual growth rate for printing inks is estimated at 5.2% until 2031, Hubergroup has reorganized and relocated production capacity to Poland and India. "This puts Hubergroup in a position to further expand its already strong market presence in all regions and growth markets." And Hubergroup expects to exceed "important market dynamics in the years to come.
Finally, with the help of management consultants PricewaterhouseCoopers (PwC), Hubergroup has launched a refinancing process.
