AD HOC, Constantia Packaging
Income Results, Ventures New Dimensions
Constantia Packaging AG announces positive preliminary group results
for 2007 as the best financials ever and ventures new dimensions for the
company.
For Constantia Packaging, Vienna, one of Austria's leading industrial
groups, the financial year 2007 was remarkable in respect of the positive
financial figures and the strategic focusing of the company.
Constantia Packaging Group customers include leading multinational companies
in the food and beverage, pharmaceutical, alcohol, tobacco and automotive
industries. The Flexible Packaging business accounts for some 75% of sales,
while Corrugated Board makes up the remaining 25%.
The net income includes one-time financial effects (double digit amount
in € million), most of them arising out of the full consolidation of the
73,45 %-stake in Austria Metall AG (AMAG) as of 1st Oct 2007. In addition
the excellent results of the existing segments contributed to the best
financial year in Constantia Packaging Group's history.
The complete financial statements 2007 will be published on 17th April
2008. Further details to the annual report will be explained in the press
conference on 17th April 2008 by the management board
IFRS
2007
€
million
2006
€
million
change
percentage
Revenues
1,566
1,056
+
48 %
EBITDA
254
140
+
81 %
EBIT
160
86
+
87 %
EBT
156
83
+
88 %
Net
Income
( after deduction of minority
interests )
105
50
+
109 %
Earnings
per share in €
6,25
3,00
+
109 %
The Constantia Packaging Group's activities include the Aluminum, Corrugated
Board and Flexible Packaging segments. Approximately 8,400 employees working
in 20 countries in Europe, Asia and North America produce raw aluminum,
aluminum semi-finished rolled products, foundry alloys as well as packaging
made from aluminum, plastics and corrugated board for the food, beverage,
pharmaceutical, automotive and aerospace industries, among others. The
Group is forecasting 2008 sales of more than €2 billion.
Constantia Packaging Group offers a wide range of products and services
to multinational customers in the food and beverage, pharmaceutical, alcohol,
tobacco and automotive industries and others.
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