The revenue of the Tetra Laval Group in 2023 amounted to 15.720 billion euros

CEO Tetra Laval Lars Renström: "The Group achieved good revenue growth, excellent profitability and an outstanding cash flow, despite the difficult business environment characterised by persistent inflation, lower consumption and geopolitical instability. Performance was positively impacted by price increases and lower material costs. Revenue increased by 2.8 per cent in 2023 to €15.7 billion, despite the -1.5 per cent impact from the divestment of Tetra Pak Russia. Growth was reported by every industry group with overall revenue growth by 7.4 per cent at comparable rates and scope. Despite declining consumption due to lower consumer purchasing power, we delivered good growth particularly in the US and Canada, Brazil, Mexico and Iberia. During 2023 our donation of €10 million of humanitarian aid continued to support Ukraine, while we did our utmost to help Ukrainian customers maintain their operations.

We continue to condemn the Russian invasion of Ukraine, we stand with those affected by the violence, and we support calls for an immediate ceasefire and for Ukraine to remain a sovereign and democratic state. On behalf of the Board, I would like to express our gratitude to our dedicated employees for the outstanding performance and their commitment during yet another challenging year."

Tetra Pak: Excelling in Sustainable Solutions
Tetra Pak reported a 2.8% increase in revenue to €15.7 billion, with growth driven by every industry group. Notably, despite declining consumption, the company achieved significant growth in key markets. Tetra Pak also reiterated its commitment to sustainability, with advancements in renewable materials and carbon-neutral packaging solutions.


DeLaval: Record Sales for Fifth Consecutive Year
DeLaval witnessed a 2.8% rise in total net sales to €1.4 billion, attributed to price increases and aftermarket sales. Noteworthy was the growth in Automated Milking Systems, contributing to an all-time high operating margin. Strategic portfolio pruning, such as the divestment of DeLaval Cleaning Solutions, further optimized performance.


Sidel: Capitalizing on Market Trends
Sidel experienced a 9.3% increase in revenue to €1.6 billion, with service sales up by 11% due to sustained customer investment in existing production lines. The company's focus on sustainability and expertise in PET packaging positioned it favorably amidst increasing demand for recyclable and aseptic solutions. Additionally, technology conversions and resin cost advantages contributed to its competitiveness in the market.