PTA-Adhoc: Aluflexpack AG: Increased outlook for fiscal year 2020

Monday, 14. December 2020 07:00

Announcement according to SIX adhoc publication article 53 KR

Reinach (pta006/14.12.2020/07:00) - Aluflexpack AG ("Aluflexpack", "Group"), a leading European manufacturer of premium flexible packaging solutions, increases its outlook for the financial year 2020 as a result of a better-than-expected business development in the fourth quarter 2020. The solid demand is based on a healthy development across all of the Group's major end markets.

Based on the most recent development, management expects consolidated net sales for the financial year 2020 to be between EUR 235-240 million. The previous guidance projected the upper half of the range between EUR 220-230 million.

EBITDA before one-off items and including consolidation effects from the Polish acquisition closed in September 2020 is expected between EUR 36-38 million reflecting the additional business generated. Previously, management expected to reach the upper half of the range between EUR 32-35 million.

About Aluflexpack AG
Aluflexpack produces flexible packaging solutions mainly for end markets such as coffee/tea, pharmaceuticals, pet food, confectionery and dairy. Well-established insights, service flexibility and development competence are what underpin long-term customer relationships; both with locally operating companies and large international corporations. Aluflexpack, headquartered in Reinach (AG), Switzerland, has production facilities in Switzerland, France, Turkey and Poland and four production facilities in Croatia. The number of employees as of 30 June, 2020 was approximately 1,248. http://aluflexpack.com

Disclaimer
Some of the information contained in this press release may be forward-looking statements, Aluflexpack AG cautions that such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those in the forward-looking statements as a result of various factors, Aluflexpack AG undertakes no obligation to publicly update or revise any forward-looking statements,

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emitter: Aluflexpack AG
address: Alte Aarauerstrasse 11, 5734 Reinach
country: Switzerland
contact person: Lukas Kothbauer
phone: +436648581124
e-mail: lukas.kothbauer@aluflexpack.com
website: www.aluflexpack.com

ISIN(s): CH0453226893 (share)
stock exchanges: listed in SIX Swiss Exchange

[ source: http://www.pressetext.com/news/20201214006 ]

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