Viscofan S A : Group releases its January - March 2022 results
April 28, 2022 at 12:05 pm EDT
Share
Main highlights of the January-March 2022 results:
• Revenue is €262.9 million, 15.1% up year-on-year.
• EBITDA of €57.8 million, 0.3% up year-on-year.
• €27.5 million in Net Profit, 8.9% down year-on-year.
• €13.9 million of net bank debt at March 2022 compared to €1.8 million at December 2021.
• José Domingo de Ampuero y Osma, Chairman of the Viscofan Group: "These results reflect our business model strength within one of the most adverse environments in decades characterized by high-cost inflation, supply chain disruptions, geopolitical tensions, and COVID19. Volume growth and commercial discipline are driving our revenue up offsetting higher operating expenses in this environment.
Moreover, capacity increase, technology upgrade and efficiency projects within the Beyond25 strategy plan are being implemented according to plan. In addition, we are going to carry out new rises in selling prices in the second half of this year to offset a more adverse inflation environment than expected aiming at maintaining the announced results guidance."
You can see all results information on the following LINK
Attachments
Original Link
Original Document
Permalink
Disclaimer
Viscofan SA published this content on 28 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 April 2022 16:02:09 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. 
