09 June 2016
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.”
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.”
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About Klöckner Pentaplast
Focused on delivering its vision: The Sustainable Protection of Everyday Needs, kp is a global leader in rigid and flexible packaging, specialty film solutions, serving the pharmaceutical, medical device, food, beverage and card markets, amongst others. With a broad and innovative portfolio of packaging and product films and services, kp plays an integral role in the customer value chain by safeguarding product integrity, assuring safety and consumer health, improving sustainability and protecting brand reputation. Founded in 1965 kp has 31 plants in 18 countries and employs over 5,900 people committed to serving customers worldwide in over 60 locations.
Media Contacts:
Dawn Trail
Group Director, Global Communications
kpinfo@kpfilms.com
Focused on delivering its vision: The Sustainable Protection of Everyday Needs, kp is a global leader in rigid and flexible packaging, specialty film solutions, serving the pharmaceutical, medical device, food, beverage and card markets, amongst others. With a broad and innovative portfolio of packaging and product films and services, kp plays an integral role in the customer value chain by safeguarding product integrity, assuring safety and consumer health, improving sustainability and protecting brand reputation. Founded in 1965 kp has 31 plants in 18 countries and employs over 5,900 people committed to serving customers worldwide in over 60 locations.
Media Contacts:
Dawn Trail
Group Director, Global Communications
kpinfo@kpfilms.com
+49 (0)2602 915 703
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