Colored pencils, highlighters, ballpoint pens and watercolors: The new school year is just around the corner, and for many, the Faber-Castell brand is part of it. The company recorded a slight decline in sales of 4.7 percent to 618.4 million euros in the past 2023/24 financial year. The previous year, the second-best sales in the company’s history were generated at 649.2 million euros. Adjusted for currency effects, however, the current decline is only 1.9 percent, and profitability remains in the high single-digit range, according to Faber-Castell, and thus much higher than in the 2019/20 financial year.
Despite a weak economy and geopolitical conflicts, the world’s largest manufacturer of colored pencils and pencils is optimistic about the future: “Globally, we see disproportionate growth opportunities, especially in emerging regions such as Asia and Latin America,” says CEO Stefan Leitz.
More than 250 years old
Faber-Castell was founded in 1761 and is family-owned. The ninth generation of the count’s family is now the main shareholder. The noble family members are represented on the supervisory board of the unlisted stock corporation.
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Image: Faber-Castell
Source: Nachrichten
