Record turnover and results for Heinzel Group in 2022

Record turnover and results for Heinzel Group in 2022
Heinzel Group CEO Sebastian Heinzel.

Heinzel Group announces a record-breaking year in 2022, achieving the highest turnover and the best earnings in the company’s history. At the same time Heinzel Group reduced its CO2 emissions substantially, in line with its climate targets and sustainability strategy.

In the face of multiple crises in 2022, including the Ukraine crisis, the European energy crisis, and the steep general cost increases, Heinzel Group showed resilience and responded flexibly to market changes. An all-time high in terms of pulp and paper prices contributed to an increase of Heinzel Group’s net sales by 36.6% to €2,777.4 million in 2022. In total, Heinzel Group generated an EBITDA of €287.5 million, an increase of 46.8%, while lowering CO2 emissions (Scope 1&2) by 14.9% to 535,333 tons.

Major strategic steps in 2022

In 2022 Heinzel Group also set the course for future sustainable growth: It signed an agreement for the acquisition of the Steyrermühl paper mill in Upper Austria from UPM and will take over the site at the end of 2023. “Our vision is to develop Steyrermühl together with our neighbouring Laakirchen mill into a European hub for sustainable packaging papers and renewable energy”, says Heinzel Group CEO Sebastian Heinzel. Works to rebuild an idled machine to produce kraft papers for flexible packaging have already begun.

Last year Heinzel Group also became a strategic investor in Paracel, a large afforestation project in Paraguay, South America, with the goal to build the country’s first pulp mill.

“Our strong 2022 results have given us the opportunity to take bold strategic steps, following our purpose of recreating value for our partners, our people, and our planet”, says Sebastian Heinzel. “It has also given us a strong base to face a challenging 2023.”

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