Constantia Flexibles, one of the leading flexible groups posted record results in the first six months of the current business year.
Sales could be increased due to higher volumes sold in Western Europe, North America and the emerging countries from organic growth by 5% and by acquisitions by 17%. Total sales was raised by 22% in the half year comparison to EUR 803.4 million (previous year EUR 659.4 million). The operative result before interest, taxes and depreciation (EBITDA) was improved by 18% to EUR 113.0 million and is EUR 17.6 million above the previous year (EUR 95.4 million). EBIT increased by 12% to EUR 61.8 million (EUR 54.8 million).
Thomas Unger, CEO of Constantia Flexibles explains the positive development to date, “Our business model is based on daily consumer demand with sustainable growth potentials in established and emerging markets. In the first half of this year we succeeded to increase our presence in the core markets USA, Mexico and India. Also earnings could be raised.“
While Western Europe had stable market development, Eastern Europe and the emerging countries in Asia and Latin America with their growing middle classes showed growth. Catering for this development, Constantia Flexibles has secured relevant market access and growth potential by acquisitions in India and Mexico, which are among the fastest growing markets in flexible packaging.
Sales in the half-year comparison increased by 28% to EUR 525.3 million (EUR 410.3 million). 21% came from the acquisitions Globalpack and Parikh Packaging, 7% were organic growth due to higher volumes sold in Western Europe and emerging countries. EBIT could be raised by 15% to EUR 33.2 million.
