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Syntegon reports positive business development in 2021

by Hayley Ralph
April 12, 2022
in News
Reading Time: 2 mins read
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Syntegon
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Syntegon is looking back on a successful 2021 business year, having significantly increased order income and sales compared to 2020.

Benefitting further from global economic recovery effects in the special machinery industry, Syntegon has increased its order income and sales significantly.

Order income rose by 13.1 per cent from EUR$1.33 billion (about US$1.4 billion) to EUR$1.50 billion (about US$1.6 billion).

Total sales increased by 9.9 per cent from EUR$1.28 billion (about US$1.39 billion) to EUR$1.41 billion (US$1.52 billion)

Global machine sales accounted for two thirds of the total sales. The remaining third was earned with Syntegon’s service offering.

“Thanks to the great work of our 5800 employees, we continue to provide intelligent and sustainable solutions for the food and pharmaceutical industry,” says Dr Michael Grosse, Chief Executive Officer of Syntegon.

“With our efficient, reliable, and future-proof packaging and processing technologies and services, we contribute towards a better life for consumers and patients around the globe.”

Syntegon has also met the high demand for both new equipment and modernisations fuelled by the ongoing COVID-19 pandemic.

“We have successfully strengthened our global presence and will continue to be an important partner for food and pharmaceutical manufacturers worldwide,” says Dr Walter Bickel, Chief Financial Officer of Syntegon.

In 2021, Syntegon strengthened its efforts towards environmental, social, and corporate governance (ESG). The company committed to the UN Global Compact and successfully completed its first sustainability assessment by the global rating agency EcoVadis.

One of the company’s goals is also to reduce its CO2 emissions by 25 per cent by 2025 compared to 2019.

“We are setting the course for a successful future,” Grosse says.

“Our expanded service and machine portfolio will help us to build and maintain strong partnerships with our customers. We will support them in leveraging the full potential of future trends in the food and pharmaceutical industries.”

For more information, visit the Syntegon website.

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