Viscofan : Viscofan releases 2015 Full Year Financial Results
February 29, 2016 at 12:23 pm EST
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Key conclusions on the January-December 2015 results:
>> Viscofan ended the period of the Be MORE strategic plan with record revenue, EBITDA and net profit.
>>+15.4% in the year-on-year growth in net profit from continuing operations to €119.6 million.
>> +15.3% in the cumulative year-on-year growth in EBITDA to €213.8 million, with a 1.9 p.p. improvement in the EBITDA margin to 28.9%.
>>+7.8% in the cumulative year-on-year growth in consolidated revenue, which reached €740.8 million, underpinned by sales volumes and the exchange rate.
>>A net cash position of €3.2 million thanks to the strength of operations and the proceeds from the sale of the vegetable foods division (IAN Group).
>> At its meeting on 29 February 2016 the Board of Directors submitted to shareholders a proposal to pay a final dividend of €0.82 per share. This implies total shareholder remuneration of €1.35 per share, 14.4% higher than the figure of €1.18 paid last year.
>> According to José Domingo de Ampuero y Osma, chairman of the Viscofan Group: 'The results for 2015 are highly satisfactory and conclude the period of the Be MORE strategic plan. Over this four-year period we have worked with a long-term vision, stepping up investment at a time of economic uncertainty and cementing Viscofan's status as an industry leader with a larger production presence, better profitability and a stronger balance sheet whilst at the same time continuing to increase shareholder remuneration. In sum, we have a more robust Viscofan Group with further scope for improvement to become an authentic global leader that leads the way in terms of service, technology and cost.'
You access the full management report here
Viscofan SA issued this content on 29 February 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 29 February 2016 17:22:23 UTC
Original Document: http://www.viscofan.com/EN/noticias/Pages/Viscofan-releases-2015-Full-Year-Financial-Results.aspx
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. 
