Frigoglass S.A.I.C. Reports Earnings Results for the Fourth Quarter Ended December 31, 2020
March 19, 2021 at 03:02 am EDT
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Frigoglass S.A.I.C. Announced earnings results for the fourth quarter ended December 31, 2020. For the fourth quarter, the company announced sales was EUR 63.511 million compared to EUR 97.506 million a year ago. Operating income was EUR 1.882 million compared to EUR 2.700 million a year ago. Net loss was EUR 8.643 million compared to EUR 3.597 million a year ago. Basic loss per share from continuing operations was EUR 0.02 compared to EUR 0.01 a year ago. For the full year, sales was EUR 333.238 million compared to EUR 482.337 million a year ago. Operating income was EUR 20.947 million compared to EUR 50.098 million a year ago. Net loss was EUR 15.798 million compared to net income of EUR 5.566 million a year ago. Basic loss per share from continuing operations was EUR 0.04 compared to basic earnings per share from continuing operations of EUR 0.02 a year ago.
Frigoglass SA is a Greece-based international group engaged in the manufacture, trade and distribution of commercial refrigeration units and packaging materials primarily used in the beverage industry. Its products include Ice Cold Merchandisers, which are refrigeration units for commercial use; glass containers, including bottles for soft and alcohol drinks, jars used for cosmetics and pharmaceuticals; plastics, which include plastic crates for the beverage industry, polyethylene pipes and plastics for industrial applications; metal crowns used in the sealing of beverage bottles, and home refrigeration, specializing in customized units for corners, pantries and wine cellars for the home use. It has production facilities in Romania, Russia, Greece, Turkey, India, China, Indonesia, South Africa, Nigeria, and the United States. It also has sales offices established across Europe, Africa and Asia. Its customers include Coca-Cola, Carlsberg, Diageo, Heineken and Nestle.
FRIGOGLASS S.A.I.C. 
