Klöckner Pentaplast achieves highest quarterly adjusted EBITDA ever

Klöckner Pentaplast, a global leader in rigid plastic film and packaging solutions, is announcing results for its second fiscal quarter ended March 31, 2016.

Adjusted EBITDA grew to € 61.0 million, an increase of 2.5% (€ 1.5 million) compared to the prior Q2, and represents the highest quarterly adjusted EBITDA ever. Adjusted EBITDA as a percentage of net sales grew from 18.1% to 18.7%. LTM (last twelve months) adjusted EBITDA was € 218.2 million, which is also the highest level ever. Fiscal second quarter’s results also reflect the impact of the stronger US-Dollar.

Volumes were flat during the period. A change in mix within packaging business and the impact of lower raw material prices resulted in slightly lower revenues. Net sales decreased by 0.7% (€ 2.2 million) year-over-year to € 325.9 million.

Commenting on the results, Wayne M. Hewett, CEO of Klöckner Pentaplast, stated: “Our second quarter results confirm that we are on the right path and reflect continued strong execution by the team.”
June 9, 2016 Klöckner Pentaplast achieves highest quarterly adjusted EBITDA ever DOWNLOAD PDF

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