Frigoglass SAIC 2020 AR2
The report highlights Frigoglass's financial and operational performance during the challenging year of 2020, heavily impacted by the COVID-19 pandemic. Despite a 31% decline in sales, the company made significant progress on its strategic priorities, including gaining market share in Europe and Asia, expanding its Frigoserve service to Africa, and upgrading its EcoVadis rating to Platinum. The company also advanced its sustainability initiatives, achieving an 82% share of green coolers in its total volume and utilizing over 65% cullet in green glass bottle production. Additionally, Frigoglass successfully completed a €260 million refinancing to secure its long-term liquidity.
Company: Frigoglass SAIC
Sector: Manufacturing
Country: Greece
Year: 2020
Type: AR2
Pages: 47
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Frigoglass SAIC
Annual Report
The report highlights Frigoglass's financial and operational performance during the challenging year of 2020, heavily impacted by the COVID-19 pandemic. Despite a 31% decline in sales, the company made significant progress on its strategic priorities, including gaining market share in Europe and Asia, expanding its Frigoserve service to Africa, and upgrading its EcoVadis rating to Platinum. The company also advanced its sustainability initiatives, achieving an 82% share of green coolers in its total volume and utilizing over 65% cullet in green glass bottle production. Additionally, Frigoglass successfully completed a €260 million refinancing to secure its long-term liquidity.
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Document Details
Report Year
2020
Reporting Period
Jan 1, 2020 - Dec 31, 2020
Fiscal Year
2020
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
No data available