Viscofan S A : Group has released Third Quarter 2019 results
October 24, 2019 at 03:46 pm EDT
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Main highlights of the July-September 2019 results:
>€215.9 million in revenue in the quarter, a new all-time high, up 12.4% on the previous year driven by strong growth in all the reporting areas.
>€50.3 million in reported EBITDA, up 12.8% on the previous year (+13.8% in recurring terms).
>€27.0 million in the reported net profit, up 17.3% on the previous year (+18.8% in recurring terms).
>€56.5 million in net bank debt in September 2019, down 29.1% compared with €79.7 million reported in December 2019 thanks to the strength of the third-quarter operating results and reduced investment needs in the second phase of the MORE TO BE strategic plan.
>According to José Domingo de Ampuero y Osma, chairman of the Viscofan Group: 'The results of the third quarter, with the main financial figures growing at double digit rate, show Viscofan´s strength to deal with any environment, meanwhile we improve our leadership in the market combining volume growth and improvement in sales price. These results reinforce our guidance for the year as well as our growth vision in the medium and long term for Viscofan and the market.'
All Results information is available on the following link
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Viscofan SA published this content on 24 October 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 October 2019 19:45:03 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. 
