Constantia Flexibles, an Austrian company specialized in flexible packaging and labels, successfully pursued its growth strategy in the 2014 financial year, with a continued rise in sales and earnings.
Sales in 2014 increased by 4.8% compared to the previous year to €1,7 billion. Sales adjusted for the effects from exchange rate fluctuations grew by 6% compared to the previous year.
Operating profit before interest, tax, depreciation and amortization (EBITDA) was €255.5 million before special items, an increase of 9.2% compared to the previous year. As a result, EBITDA margin was 14.9%.
Operating profit improved due to the increase in sales as well as targeted cost reduction projects and productivity improvements.
The Wendel Group, one of Europe’s leading listed investment companies, became the new majority owner of Constantia Flexibles in March 2015 with a shareholding of 73%. As a long-term investor, Wendel will be actively supporting the company’s growth strategy and its ongoing development in the future. The H. Turnauer Foundation continues to hold a significant stake in the company, with 27% percent.
Thomas Unger, Chief Executive Officer Constantia Flexibles, stated “We have once again managed to increase both our sales and our operating profit, and have made a very promising start to 2015. With the Wendel Group as its new owner, Constantia Flexibles will continue with its growth strategy of recent years.”