Viscofan S A : Group releases January-June 2020 results
July 30, 2020 at 12:30 pm EDT
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Main highlights of the January-June 2020 results:
» José Domingo de Ampuero y Osma, chairman of the Viscofan Group: 'The growth obtained in the Group's main financial figures reinforces our vision of the expected results for a year marked by volatility and the uncertainty caused by the pandemic. I would like to highlight the strong commitment of the 5,000 people who make up Viscofan to keep our plants operating, ensure supply to our customers and follow the security measures implemented throughout the Group. An effort that reflects the strength of our business model to provide the market with an essential product for the basic nutrition of millions of people around the world.'
» €447.0 million in revenue, 9.1% higher than the previous year, and 7.7% in like-for-like terms.
» €110.3 million in reported EBITDA, up 18.7% on the previous year and 19.7% in like-for-like terms.
» €57.3 million in the reported net profit, up 25.5% on the previous year.
» €43.8 million in net bank debt at June 2020 compared to the €73.0 million reported at the end of June 2019 and €42.5 million at December 2019.
» Final dividend of €0.96 per share paid on 4 June 2020, a total payment of €44.5 million.
You can find all results information on the Investor Relations site
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Viscofan SA published this content on 30 July 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 July 2020 16:30:24 UTC
Viscofan SA is a Spain-based company engaged in the packaging industry, mainly for meat products. The Company focuses on the manufacture and distribution of artificial castings, as well as plastic films that are used for separation of sliced food. Its products range includes cellulose, collagen, fibrous and plastic castings. In addition, it designs and produces packing machinery, as well as provides related spare parts. The Company also sells electric power, which is produced by cogeneration systems. The Company operates manufacturing plants and sales offices in Spain, Serbia, Czech Republic, Germany, Brazil, Mexico, Uruguay, China and the United States, among others. It controls a number of subsidiaries, such as Nanopack, Technology and Packaging SL, Naturin Viscofan GmbH and Viscofan Centroamerica Comercial SA.