ÅR Packaging Group AB Interim report January - June 2015

| Source: ÅR Packaging Group AB ÅR Packaging Group AB

INTERIM REPORT JANUARY - JUNE 2015

 

 

CONTINUED GOOD DEVELOPMENT IN SECOND QUARTER OF 2015 WITH POSITIVE IMPACT FROM THE ACQUISITION

 

Quarter 2

  • Net sales amounted to 125.8 MEUR (99.3).
  • Operating profit excluding non-recurring items was 10.5 MEUR (6.4) with an operating margin of 8.3 % (6.5).
  • Operating profit was 3.6 MEUR (6.0) and the operating margin was 2.9 % (6.0).
  • Net profit was 0.6 MEUR (1.8).
  • Earnings per share were 0.06 (0.18).
  • Cash flow from operations was 12.1 MEUR (7.0).

January - June

  • Net sales amounted to 225.2 MEUR (200.6).
  • Operating profit excluding non-recurring items was 17.9 MEUR (12.1) with an operating margin of 8.0 % (6.0).
  • Operating profit was 10.6 MEUR (11.0) and the operating margin was 4.7 % (5.5).
  • Net profit was 5.8 MEUR (3.7).
  • Earnings per share were 0.58 (0.37).
  • Cash flow from operations was 20.2 MEUR (11.5).

CEO comments

AR Packaging continues to show good development also in the second quarter of 2015. The actual EBITDA increased by almost 50 % compared to the same period in 2014. The EBITDA margin for the second quarter increased to 12.0 % compared to 10.3 % in the same quarter of 2014. For the period January-June the EBITDA margin is 11.7%. The acquired business is contributing positively to the overall profitability.

Total net sales in the second quarter for the Group increased with 27 % to 125.8 MEUR (99.3) mainly attributable to the acquired business which is included since May 1st with a sales value of 25.9 MEUR. Sales for the period January-June of 225.2 MEUR is 12 % above the same period last year.

Despite the challenging market environment we have so far been able to develop well, but we foresee tougher market conditions moving forward in general and for the Tobacco business uncertainty relating to impact from new regulations on EU level.

The acquired business from MeadWestvaco Corporation (MWV), which was successfully completed on April 30, is currently developing above expectations and the integration proceeds well.

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

HUG#1944832

Attachments

AR Packaging Interim report January-June 2015.pdf