• Revenue is €308.3 million, 17.3% up year-on-year.
• EBITDA of €61.7 million, 6.9% up year-on-year.
• €25.8 million in Net profit, 6.1% down year-on-year. The growth in operating profit was fully eroded by negative exchange differences that amounted to €6.9 million.
• €132.9 million in Net bank debt in March 2023, above €101.3 million in December 2022.
• José Domingo de Ampuero y Osma, Chairman of the Viscofan Group: "The strength of our business model, the rise in price/mix, and the cost control have offset the sharp cost inflation. Thus, first quarter results are in line with the expectations for the year 2023.
In 2023, a year with lower investment needs, the learning curve of the projects carried out last year is progressing satisfactorily. The production equipment with new cellulose (Danville) and collagen (New Jersey) technology installed in the United States is a significant leap in efficiencies and product quality in our operations in the country. In parallel, the capacity increases both in the Traditional Business and in the New Businesses are placing us in an ideal position to capture the growth opportunities foreseen in the Beyond25 strategic plan."
Viscofan SA published this content on 26 April 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 April 2023 16:49:06 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. 
