YEAR END REPORT JANUARY - DECEMBER 2014 STRONG FINANCIAL PERFORMANCE IN 2014 Quarter 4 * Net sales amounted to 100.3 MEUR (104.8). * Operating profit excluding non-recurring items was 7.3 MEUR (4.6) with an operating margin of 7.2 % (4.4). * Operating profit was 7.3 MEUR (4.2) and the operating margin was 7.3 % (4.0). * Net profit was 6.4 MEUR (0.0). * Earnings per share were 0.64 (0.0). * Cashflow from operations was 14.1 MEUR (4.3). January - December * Net sales amounted to 404.3 MEUR (424.2). * Operating profit excluding non-recurring items was 27.4 MEUR (24.1) with an operating margin of 6.8% (5.7). * Operating profit was 25.7 MEUR (21.5) and the operating margin was 6.4% (5.1). * Net profit was 15.6 MEUR (8.6). * Earnings per share were 1.56 (0.86). * Cashflow from operations was 32.9 MEUR (17.4). CEO comments AR Packaging showed a strong financial performance in 2014 and reached a double- digit profit margin (EBITDA) of 10.5 percent compared to 9.6 percent in 2013. After the successful restructuring of the company in 2013, we managed to develop the Group further in 2014. A strong strategic market presence and our internal efficiency process led to improved margins. This was achieved despite revenues decreasing by approximately 5 percent to 404 MEUR (424). The lower revenues were mainly due to the termination of certain low-margin businesses, currency exchange influences and, to a lesser extent, the loss of some general carton business in Europe. During the past two years, we have focused on securing sustainable strong profitability, while next year we will concentrate more on top-line growth, despite a challenging market. Our focus is to strengthen our sales organisation and key account management to deepen our existing customer relations further and acquire new business. In addition, we will continue to invest in product development and work on our efficiency processes, including the manufacturing efficiency programme and improved sourcing. Looking ahead, 2015 will be a year of opportunities for AR Packaging. With the acquisition from MeadWestvaco Corporation (MWV), we will increase our strength and market presence for the benefit of our customers. With our devoted and skilled employees, I have every reason to believe that 2015 will be another successful year for 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 [HUG#1894197]
ÅR Packaging Group AB Year end report January-December 2014: Strong financial performance in 2014
| Source: ÅR Packaging Group AB