Viscofan S A : Group releases its January-December 2021 results
February 24, 2022 at 12:27 pm EST
Share
Main highlights of the January-December 2021 results:
• All-time high in revenue, in EBITDA and in net profit in 2021, exceeding our guidance for the year.
• Revenue stood at €969.2 million, up 6.3% on the previous year.
• €246.7 million in EBITDA, up 5.2% on the previous year.
• €133.0 million in Net Profit, 8.6% up on the previous year.
• €92.0 million of Capex in the year, anticipating the investment projects in capacity to be able to meet increased demand.
• The strength of the operating results allowed us to reduce the net bank debt at December 2021 to €1.8 million with respect to the €38.2 million at December 2020, to finance a higher outflow of cash due to investments and to the payment of dividends in the year of €78.3 million.
• The Board of Directors has agreed to propose to the General Shareholders' Meeting a final dividend of €0.43 per share, bringing the total remuneration in 2021 to €1.84 per share, up 8.2% compared to the total remuneration for the previous year.
• José Domingo de Ampuero y Osma, Chairman of the Viscofan Group:
"We have concluded the MORE TO BE strategic period with the best results in our history, in one of the most demanding periods because of the pandemic, the volatility and uncertainty on the markets. I want to highlight the work and commitment of Viscofan's human team, which has complied with the main strategic projects, permitting us to take advantage of the unique growth opportunity of these last few years, to counteract inflation, to improve the remuneration to our shareholders and to maintain a solid financial position.
From that starting point, we are commencing a new strategic plan to continue transforming Viscofan into a company that is even stronger and more sustainable in which, and despite the adverse inflation context for raw materials and energy, we see a future of growth with optimism."
You can read the full report on the following LINK
Attachments
Original Link
Original Document
Permalink
Disclaimer
Viscofan SA published this content on 24 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 February 2022 17:26:07 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. 
