INTERIM REPORT JANUARY- SEPTEMBER 2014
STABLE RESULT AND MARGINS DESPITE WEAKER SALES DEVELOPMENT
Quarter 3
* Net sales amounted to 103,4 MEUR (109,9).
* Operating profit excluding non-recurring items was 8,0 MEUR (11,4) with an
operating margin of 7,7 % (10,4).
* Operating profit was 7,4 MEUR (10,4) and the operating margin was 7,2 %
(9,5).
* Net profit was 5,4 MEUR (6,2).
* Earnings per share were 0,54 (0,62).
January - September
* Net sales amounted to 304,1 MEUR (319,4).
* Operating profit excluding non-recurring items was 20,1 MEUR (19,5) with an
operating margin of 6,6% (6,1).
* Operating profit was 18,4 MEUR (17,3) and the operating margin was 6,1%
(5,4).
* Net profit was 9,2 MEUR (8,6).
* Earnings per share were 0,92 (0,86).
CEO comments
In the third quarter ÅR Packaging Group continues to report a positive
development in the operating margin compared to the previous quarters in 2014.
The EBITDA margin for the third quarter increased to 11,3% and YTD September we
now have an EBITDA margin of 10,3 %, which is well in line with the top
performers in our market.
The overall macro environment and general business climate is currently not
supporting the top line growth of the company. Furthermore the geopolitical
situation in Russia has had an adverse effect on the sales development in
quarter 3, 2014. We hope to get more clarity of the situation during the coming
quarter.
Meanwhile our cost efficiency and product rationalisation program continues in
order to stay competitive, to create innovative and attractive offers to the
markets/customers we are serving.
The stable result and margins despite the weaker sales development shows that
the company now has established a sustainable profitability level and continues
to deliver increased net earnings for its shareholders.
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
The full report is available on: http://www.ar-
packaging.com/Investors/Financial_reports/Interim_reports
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
About ÅR Packaging Group AB
ÅR Packaging is one of Europe's leading companies in the packaging sector with a
turnover exceeding EUR 400 million and 1 600 employees in 14 factories in 7
countries. The head office is situated in Lund, Sweden. ÅR Packaging was formed
in 2011 as a merger of A&R Carton Group, one of Europe's leading carton board
packaging groups and Flextrus, a leader in northern Europe within flexible
packaging. The group creates added value to customers by a broad product
offering and deep knowledge of packaging. ÅR Packaging has an objective to grow
both organically and by way of acquisitions aiming at an IPO.
[HUG#1872502]
