12 September 2016

Klöckner Pentaplast achieves highest LTM adjusted EBITDA ever

Klöckner Pentaplast, a global leader in rigid plastic film and packaging solutions, is announcing results for its third fiscal quarter ended June 30, 2016. 

Adjusted EBITDA grew to € 58.0 million, an increase of 5.4% (€ 3.0 million) compared to the prior Q3. Adjusted EBITDA as a percentage of net sales grew from 16.3% to 17.8%. The LTM (last twelve months) adjusted EBITDA was € 221.2 million, which was the highest level ever.

Net sales decreased by 3.3% (€ 11.2 million) year-over-year to € 326.7 million driven by the impact of weaker foreign currencies. Adjusted for FX, net sales increased 1.5% compared to the prior Q3. 

Commenting on the results, Wayne M. Hewett, CEO of Klöckner Pentaplast, stated: “Q3 was another strong quarter and we continue to execute well in a dynamic environment.”

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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, and specialty film solutions, serving the pharmaceutical, medical device, protein 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, protecting brand reputation and improving sustainability. kp’s “Investing in Better” sustainability strategy solidifies its commitment to achieving ten clear targets for long-term improvement by increasing recycling and recyclability of products, cutting carbon emissions and continuous improvement in employee engagement, safety, and diversity, equity and inclusion. kp has earned a gold rating from EcoVadis, the leading platform for environmental, social, and ethical performance ratings, putting kp in the top 3% of companies rated in the manufacturing of plastics products sector. 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