INTERIM REPORT JANUARY- JUNE 2014
IMPROVED MARGINS AND STABLE FINANCIAL DEVELOPMENT
Quarter 2
* Net sales amounted to 99,3 MEUR (106,2).
* Operating profit excluding non-recurring items was 6,4 MEUR (4,1) with an
operating margin of 6,5% (3,9).
* Operating profit was 6,0 MEUR (4,3) and the operating margin was 6,0 %
(4,0).
* Net profit was 1,8 MEUR (2,0).
* Earnings per share were 0,18 (0,20).
January - June
* Net sales amounted to 200,6 MEUR (209,5).
* Operating profit excluding non-recurring items was 12,1 MEUR (8,0) with an
operating margin of 6,0% (3,8).
* Operating profit was 11,0 MEUR (6,9) and the operating margin was 5,5%
(3,3).
* Net profit was 3,7 MEUR (2,4).
* Earnings per share were 0,37 (0,24).
CEO comments
The result for the second quarter confirms that we are on the right track with
our selective focus on core segments, improved product mix and continuous
improvements in operational excellence. Despite the lower sales value, we have
through improved margins and lower costs now established an EBITDA margin around
10 %, in line with the top performers in our market, which we consider to be
sustainable.
On the business side, we have a stable development with most of our customers
and a lot of projects are ongoing in our chosen business segments where we see a
long term potential. Nevertheless we short term we do not foresee any growth in
net sales, even potential decreases of volumes due to the slow general market
development, decreases with some customers and the geopolitical uncertainty
especially in Russia.
Therefore, we continue to strongly focus to further improve our operational
excellence and cost efficiency within the group. For instance we have launched a
group wide manufacturing efficiency program and increased site specialisation
which includes investments in people and in our key technologies.
The continuous improved margins during the last quarters and the stable
financial development gives
us a strong base to continue develop the company to the next level.
Harald Schulz, CEO
Additional information is provided by:
Harald Schulz, President and CEO, +49 172 671 88 95
Niclas Nyström, CFO, +46 701 44 56 64
The full report is available on: http://www.ar-
packaging.com/Investors/Financial_reports/Interim_reports
About ÅR Packaging Group AB
ÅR Packaging is one of Europe's leading companies in the packaging sector with a
turnover exceeding EUR 400 million and 1,600 employees in 14 factories in 7
countries. The head office is situated in Lund, Sweden. ÅR Packaging was formed
in 2011 as a merger of A&R Carton Group, one of Europe's leading carton board
packaging groups and Flextrus, a leader in northern Europe within flexible
packaging. The group creates added value to customers by a broad product
offering and deep knowledge of packaging. ÅR Packaging has an objective to grow
both organically and by way of acquisitions aiming at an IPO.
For further information, see our website: www.ar-packaging.com
ÅR Packaging Group AB (publ)
Box 177
221 00 Lund, Sweden
Telephone: +46 46 287 33 00
Registration no: 556702-3006
[HUG#1851457]
