Faber Group is an international family business specialised in circular load carrier services. Our group consists of several specialist pooling businesses (IPP, PAKi, PRS and vPOOL), and a sustainable timber supplier (Satim). We have a robust, agile, and sustainable network across Europe to streamline the supply chain. With a workforce of over 650 dedicated employees, we provide sustainable, reliable, cost-effective pooling services for pallets and boxes to all industries throughout Europe.
Circularity
is at the core
of our business
OPEN POOLING
In an open pool environment, ownership of the asset changes at the moment of exchange, in return for a credit. Our PAKi and vPOOL companies basically function as bank, market maker and intermediary business for standardised load carriers. These are mainly Euro pallets and Gitterboxes (PAKi) and E1 and E2 meat boxes (vPOOL). Typical customers for PAKi are hauliers, producers and retailers in the foodservice industry; typical vPOOL customers are engaged in the meat industry. Customers pay a fee per exchange, a daily hire fee, or a combination. PAKi and vPOOL do not own products, except for a brief interval when matching supply and demand.
CLOSED POOLING
In our closed pooling environment, load carriers are owned by IPP and PRS. IPP mainly collaborates with consumer goods producers throughout Europe, where PRS provides their load carriers to the European polymer industry. These customers use several types of load carriers on a pay-per use base, with various service level offerings. The load carriers are built to last for a long lifetime, using FSC/PEFC certified timber and are maintained by our depot partners to optimise their lifespan. Eventually they are disposed in a sustainable way to close the loop.
Our circular business model
Our circular business model provides load carriers, such as pallets and boxes, on a pay-per-use basis to customers in many industries throughout Europe. Instead of owning these assets, our customers can free up resources to invest in their core business. Core business of Faber Group is to make sure our load carriers are being used as often as possible. We optimise their lifespan by timely repairs and optimise our own operations by increasing efficiency and reducing the footprint of transport and handling in depots, for which we collaborate with specialised partners. Our IPP and PRS divisions provide closed pooling services, whilst PAKi and vPOOL provide open pooling.
Our business strategy
At Faber Group, we strive for both sustainable growth and value creation, by balancing purpose and profit. The nature of our core business, providing circular load carriers on a pay-per-use basis, drives sustainability and profit at the same time: the more customers choose for our services, the more impact we create by improving their supply chains’ sustainability. Simultaneously, we strive to optimise the sustainability of our own operations as well. Therefore, we have an ambitious ESG (Environmental, Social, Governance) strategy in place with the goal to become a ‘net-zero’ company by 2045.
A key enabler for both value creation and sustainability is digitalization of our business. We are currently digitizing the entire load-carrier transfer process in our supply chains, which will make pooling more paperless. It will also generate loads of data, to provide insights to customers and other users to make their supply chain more efficient and sustainable – such as optimizing transport routes and loads. We also made a start in deploying ‘smart’ load carriers in our supply chain which provides near-real-time information about our load carriers. In a next stage this will enable end-users to monitor the whereabouts of their shipments and offer much more possibilities. This will support all stakeholders in further optimizing both their logistic processes and achieving sustainability goals. We create sustainable value from both our current business and potential future acquisitions. In our current business we create this value by either geographic expansion or increasing our network density, in acquisitions by either building on our current platforms or on entering new business, always related to our purpose ‘Carrying Impact.'
It’s our ambition to have a positive impact with our logistic solutions for supply chains. We bring circularity into logistics and make it a service in a shared economy. Sustainability is part of our very DNA. Since our foundation in 1891, we strive to conduct our business in a responsible way; taking diligent care of resources and people has always been a main priority. We have an ambitious, groupwide sustainability program in place to further improve our sustainability performance.
Our 2023 financial results
2023 has been a strong year for Faber Group, despite low economic growth in major European markets and a general trend to reduce inventory levels, both leading to lower volumes at existing customers. We have been able to overcome these challenges by new customer wins and improved efficiency of our operations. Faber Group achieved a net turnover of € 405 million in 2023, compared to € 425 million in 2022. This decrease is mostly price-related and follows lower input prices. Our total load carrier movements have grown with 2 million in 2023 to approximately 127 million, from 125 million in 2022.
In 2023, the workforce consisted of 612 employees measured in full time equivalent (FTE), compared to 567 FTE in 2022. An increase that is explained by growth and further professionalisation of the organisation.
Key figures | 2022 | 2023 |
|---|---|---|
Net turnover (million Euro) | 425 | 405 |
Load carrier movements (million) | 125 | 127 |
Workforce (FTE/headcount) | 567/618 | 612/673 |
Faber Group is an international family business specialised in circular load carrier services. Our group consists of several specialist pooling businesses (IPP, PAKi, PRS and vPOOL), and a sustainable timber supplier (Satim). We have a robust, agile, and sustainable network across Europe to streamline the supply chain. With a workforce of over 650 dedicated employees, we provide sustainable, reliable, cost-effective pooling services for pallets and boxes to all industries throughout Europe.
Circularity
is at the core
of our business
CLOSED POOLING
In our closed pooling environment, load carriers are owned by IPP and PRS. IPP mainly collaborates with consumer goods producers throughout Europe, where PRS provides their load carriers to the European polymer industry. These customers use several types of load carriers on a pay-per use base, with various service level offerings. The load carriers are built to last for a long lifetime, using FSC/PEFC certified timber and are maintained by our depot partners to optimise their lifespan. Eventually they are disposed in a sustainable way to close the loop.
OPEN POOLING
In an open pool environment, ownership of the asset changes at the moment of exchange, in return for a credit. Our PAKi and vPOOL companies basically function as bank, market maker and intermediary business for standardised load carriers. These are mainly Euro pallets and Gitterboxes (PAKi) and E1 and E2 meat boxes (vPOOL). Typical customers for PAKi are hauliers, producers and retailers in the foodservice industry; typical vPOOL customers are engaged in the meat industry. Customers pay a fee per exchange, a daily hire fee, or a combination. PAKi and vPOOL do not own products, except for a brief interval when matching supply and demand.
Our business strategy
At Faber Group, we strive for both sustainable growth and value creation, by balancing purpose and profit. The nature of our core business, providing circular load carriers on a pay-per-use basis, drives sustainability and profit at the same time: the more customers choose for our services, the more impact we create by improving their supply chains’ sustainability. Simultaneously, we strive to optimise the sustainability of our own operations as well. Therefore, we have an ambitious ESG (Environmental, Social, Governance) strategy in place with the goal to become a ‘net-zero’ company by 2045.
A key enabler for both value creation and sustainability is digitalization of our business. We are currently digitizing the entire load-carrier transfer process in our supply chains, which will make pooling more paperless. It will also generate loads of data, to provide insights to customers and other users to make their supply chain more efficient and sustainable – such as optimizing transport routes and loads. We also made a start in deploying ‘smart’ load carriers in our supply chain which provides near-real-time information about our load carriers. In a next stage this will enable end-users to monitor the whereabouts of their shipments and offer much more possibilities. This will support all stakeholders in further optimizing both their logistic processes and achieving sustainability goals. We create sustainable value from both our current business and potential future acquisitions. In our current business we create this value by either geographic expansion or increasing our network density, in acquisitions by either building on our current platforms or on entering new business, always related to our purpose ‘Carrying Impact.'
Key figures | 2022 | 2023 |
|---|---|---|
Net turnover (million Euro) | 425 | 405 |
Load carrier movements (million) | 125 | 127 |
Workforce (FTE/headcount) | 567/618 | 612/673 |
Our circular business model
Our circular business model provides load carriers, such as pallets and boxes, on a pay-per-use basis to customers in many industries throughout Europe. Instead of owning these assets, our customers can free up resources to invest in their core business. Core business of Faber Group is to make sure our load carriers are being used as often as possible. We optimise their lifespan by timely repairs and optimise our own operations by increasing efficiency and reducing the footprint of transport and handling in depots, for which we collaborate with specialised partners. Our IPP and PRS divisions provide closed pooling services, whilst PAKi and vPOOL provide open pooling.
It’s our ambition to have a positive impact with our logistic solutions for supply chains. We bring circularity into logistics and make it a service in a shared economy. Sustainability is part of our very DNA. Since our foundation in 1891, we strive to conduct our business in a responsible way; taking diligent care of resources and people has always been a main priority. We have an ambitious, groupwide sustainability program in place to further improve our sustainability performance.
Our 2023 financial results
2023 has been a strong year for Faber Group, despite low economic growth in major European markets and a general trend to reduce inventory levels, both leading to lower volumes at existing customers. We have been able to overcome these challenges by new customer wins and improved efficiency of our operations. Faber Group achieved a net turnover of € 405 million in 2023, compared to € 425 million in 2022. This decrease is mostly price-related and follows lower input prices. Our total load carrier movements have grown with 2 million in 2023 to approximately 127 million, from 125 million in 2022.
In 2023, the workforce consisted of 612 employees measured in full time equivalent (FTE), compared to 567 FTE in 2022. An increase that is explained by growth and further professionalisation of the organisation.