Simona AG 2023 AR2
The report highlights SIMONA Group's performance in the 2023 financial year, during which it achieved revenues of €600 million and an EBIT of €52.9 million, resulting in an improved EBIT margin of 8.8 per cent. Key milestones included the official inauguration of a plant expansion in Jiangmen, China, which doubled production capacity in the region, and the introduction of the sustainable 'EcoPlastIQ' brand featuring biocircular and recycled raw materials. Furthermore, the company committed to the Science Based Targets initiative (SBTi) to reduce its Scope 1 and Scope 2 emissions by 5.25 per cent annually, achieving a 10 per cent reduction in 2023. The Group also secured a Power Purchase Agreement to cover up to 50 per cent of its main plant's electricity requirements with wind power from 2025.
Company: Simona AG
Sector: Materials
Country: Germany
Year: 2023
Type: AR2
Pages: 156
Simona AG
Annual Report
The report highlights SIMONA Group's performance in the 2023 financial year, during which it achieved revenues of €600 million and an EBIT of €52.9 million, resulting in an improved EBIT margin of 8.8 per cent. Key milestones included the official inauguration of a plant expansion in Jiangmen, China, which doubled production capacity in the region, and the introduction of the sustainable 'EcoPlastIQ' brand featuring biocircular and recycled raw materials. Furthermore, the company committed to the Science Based Targets initiative (SBTi) to reduce its Scope 1 and Scope 2 emissions by 5.25 per cent annually, achieving a 10 per cent reduction in 2023. The Group also secured a Power Purchase Agreement to cover up to 50 per cent of its main plant's electricity requirements with wind power from 2025.
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Document Details
Report Year
2023
Reporting Period
Jan 1, 2023 - Dec 31, 2023
Fiscal Year
2023
Published
Apr 1, 2024
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
Net Zero Target
Employees