Feb 29, 2016. /Lesprom Network/. AR Packaging's net sales amounted to Euro 513.5 million for the whole year 2015, which is an increase of 27% compared to the same period previous year, as the company said in the press release received by Lesprom Network.

The operating profit for the period January-December 2015 was Euro 36.6 million, compared to Euro 25.7 million in 2014.

EBITDA YTD December was Euro 62.5 million and the EBITDA margin was 12.2%.

The financial net for the period January-December 2015 was Euro -9.9 million. Translation effects have been negative in the period with Euro -1.4 million compared to Euro -2.4 million the same period last year.

Harald Schulz, CEO, said: “AR Packaging confirms its positive development with a solid performance and strong results in 2015. The year started with the acquisition of the European operations of MeadWestvaco Corporation (MWV), which was finalised by the end of April. The acquisition has proven very good for us and complements the Group in an excellent manner. Sales in existing business now shows improved order intake, which demonstrates our ability to rectify recent years’ decline and is a promising sign for our development in 2016. Finally, we improved our profit with an all-time high EBITDA margin as a result of balanced costs and internal efficiency improvements.”

AR Packaging is one of Europe’s leading companies in the packaging sector. Its core markets are in the folding carton and the flexible packaging in Europe.