Main highlights of the January-September 2015 results
+14.6% year-on-year growth in net profit from continuing operations to €86.6 million.
+16.5% year-on-year growth in EBITDA to €158.8 million, an improvement of 1.7 p.p. in the EBITDA margin to 28.6%.
+9.8% year-on-year growth in consolidated revenue to €555.9 million driven by sales volumes.
A 98.7% decline in net bank debt to €0.9 million from €74.6 million in December 2014.
According to José Domingo de Ampuero y Osma, chairman of Viscofan: 'The company continues to perform well in operating terms, with growth in revenue and profitability and a robust balance sheet despite competitive pressure, enabling us to strengthen our leadership and deepen our commitment to the casings market'.
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.