Page 51 - Glass Machinery Plants & Accessories no. 5/2017

THE GLASS PACKAGING 2016 is due to the generation of
MARKET FOR WWWWFOOD accumulated free cash flow of
AND BEVERAGES PRODUCTS EUR 102.6 million.
European market distribution,
by main regions Net profit for 2016 amounted
to EUR 67.7 million, after rec-
ognising an annual finance cost
equivalent to 1.1 per cent of sales
and income tax of 19.7 per cent.
Earnings per share in
2016 amounted to EUR
2.73/share, a rise of 11.0
per cent on the prior year.

First-quarter 2017
Sales during the first
three months amounted
to EUR 182.9 million,
showing an organic
growth of 4.5 per
cent and a reported
change of +0.1 per
cent including forex.
Operating profit,
EBITDA, was EUR 41.5
million representing an operating
margin of 22.7%.
Net debt at 31 March 2017
THE MARKET entiation, design and attractive- stood at EUR 326.8 showing a
Consumer packaging is an ness to their product. These are reduction of 19% over the last
essential part of modern life- characteristics that differentiate 12 months.
styles. It protects, preserves and glass and elevate it as the pre- Net sales registered by Vidrala
enables efficient distribution of ferred packaging material. during the first three months of
products that require them to 2017 amounted to EUR 182.9
be consumed in optimal condi- FINANCIAL RESULTS million, representing an increase
tions. It also helps brand owners 2016 of 0.1 per cent over the previous
to inform end users, identifying Vidrala’s sales in 2016 year. On a constant currency
and promoting their goods, play- amounted to EUR 773.1 million, basis, organic sales growth was
ing a basic marketing tool and a drop of 3.7 per cent compared 4.5 per cent.
an iconic representation of the to the prior year. At a constant Operating profit –EBITDA-
product inside. Modern day liv- exchange rate, sales witnessed generated over the first three
ing, and the vast availability of organic growth of 1.6 per cent. months reached EUR 41.5 mil-
consumer products we take for Gross operating profit, lion. It represents an increase
granted, is predicted, in part, on EBITDA, for the year amounted of 8.4 per cent over the figure
the existence of an efficient pack- to EUR 170.7 million. This rep- reported last year reflecting an
aging supply chain. resents a reported increase of organic growth, on a constant
In this context of progress, 5.9 per cent on the prior year in currency basis, of 12.4 per cent.
glass as a packaging material organic terms, and 11.2 per cent Over sales, EBITDA reached a
plays a prevailing role. Consumers at a constant exchange rate. margin of 22.7 per cent.
increasingly demand healthy and At balance sheet level, debt Net profit obtained during the
sustainable packaging solutions at 31 December 2016 stood at first three months amounted to
that protect and preserve fla- EUR 322.3 million, having been EUR 17.3 million. As a result
vour and properties of the prod- reduced by 20.3 per cent during earnings per share during the
uct within, thereby improving the year. This represents a lever- period reached EUR 0.70. This
the consumption experience. age ratio equivalent to 1.9 times represents an increase of 24.9
Likewise, brand owners seek to EBITDA for the period. per cent over the previous period.
provide quality assurance, differ- The decline in debt during Net debt at 31 March 2017

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