Viscofan S A : Group releases January - March 2020 Results
April 24, 2020 at 12:08 pm EDT
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Main highlights of the January-March 2020 results:
» José Domingo de Ampuero y Osma, Chairman of Viscofan Group: 'I would like to highlight the commitment of the more than 4,900 people who make up Viscofan within a situation of need caused by the COVID-19 pandemic. Their immense effort together with our wide geographical and product offering and the strength of our production and logistics model have allowed us to ensure the supply of casings to our customers around the world, thus fulfilling our responsibility as an essential food company.'
» €222.1 million in revenue, 10.4% higher than the previous year.
» €52.0 million in reported EBITDA, a growth of 13.3% compared to the previous year.
» €27.4 million in reported Net Profit, up 20.3% on the previous year.
» €28.9 million of net bank debt at March 2020, a decrease of 32.2% compared to €42.5 million at December 2019 thanks to the strength of operating results and lower investment needs.
» 1Q20 results in line with our growth prospects for the year 2020.
Results Note link
In addition, tou can find all results information on the Investor Relations site
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Viscofan SA published this content on 24 April 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 April 2020 16:07:04 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.
VISCOFAN, S.A. 
