QUARTERLY REPORT JANUARY - MARCH 2015
EXCELLENT PERFORMANCE IN THE FIRST QUARTER OF 2015
Quarter 1
- Net sales amounted to 99.4 MEUR (101.3).
- Operating profit excluding non-recurring items was 7.4 MEUR (5.7) with an operating margin of 7.5 % (5.6).
- Operating profit was 7.0 MEUR (5.0) and the operating margin was 7.0 % (4.9).
- Net profit was 5.2 MEUR (1.9).
- Earnings per share were 0.56 (0.19).
- Cash flow from operations was 8.0 MEUR (3.2).
CEO comments
AR Packaging continues to deliver improved result after a strong financial performance in 2014. The EBITDA margin for the first quarter increased to 11.3 % compared to 9.5 % in the same quarter of 2014. Overall we see an excellent financial performance for the first quarter of 2015.
Total net sales for the Group decreased by approximately 2 % to 99.4 MEUR (101.3). The lower revenues were mainly related to currency exchange influences and excluding this impact the sales development was flat compared to the same quarter previous year.
The result for this quarter was achieved despite of a challenging market environment. The Russian market is currently more stable than the past 6 months. We have also gained some new projects for our machinery business within Performance Packaging, which are expected to contribute positively both volume and profit wise for the coming years.
The acquisition from MeadWestvaco Corporation (MWV), which is expected to be completed during the second quarter 2015, will strengthen our company and market presence for the benefit of our customers. We will have a very high focus to integrate the acquired business as fast and smoothly as possible for the stakeholders involved, and see this as a necessity for the continuous success of AR Packaging.
Harald Schulz, CEO
Additional information is provided by:
Harald Schulz, President and CEO, +49 172 671 88 95
Niclas Nyström, CFO, +46 701 44 56 64
For further information, see our website: www.ar-packaging.com
ÅR Packaging Group AB (publ)
Box 177
221 00 Lund, Sweden
Telephone: +46 46 287 33 00
Registration no: 556702-3006
AR Packaging Quarterly report Jan-Mar 2015 http://hugin.info/160914/R/1916246/685152.pdf
HUG#1916246
