The operative result before interest, taxes and depreciation (EBITDA) was improved by 18% to Euro 113.0 million and is Euro 17.6 million above the previous year (Euro 95.4 million). EBIT increased by 12% to Euro 61.8 million compared to Euro 54.8 million in 1H 2012.
Thomas Unger, CEO of Constantia Flexibles explains the positive development to date: “Our business model is based on daily consumer demand with sustainable growth potentials in established and emerging markets. In the first half of this year we succeeded to increase our presence in the core markets USA, Mexico and India. Also earnings could be raised.”
In the past year, the basis for further successful business activity was laid with a new organizational structure and a new management. In 2013 the emphasis lies on strengthening market presence in growth regions and further Group integration. Thus far, the financial year 2013 has developed well, and the outlook for the rest of the year is also positive.
Constantia Flexibles, one of the leading flexible packaging groups, supplies international customers in the food, pet food, pharmaceutical and beverage industries.
