Viscofan Group, the global leader in meat casings, has released 2018 First Half Results.
Main highlights of the January-June 2018 results:
>> €385.7 million in revenue. Growth of 3.5% in like-for-like terms, and a decrease of 1.2% in consolidated revenue due to the weakness of exchange rates for the main trading currencies against the €.
>> €109.3 million in EBITDA, 6.3% less than the previous year and 1.5% in like-for-like terms. The year's non-recurring results amount to €14.5 million from compensation for using patents.
>> €65.7 million in Net Profit, down 0.7% year-on-year. €65.7 million in Net Profit, down 0.7% year-on-year.
>> €70.0 million in net bank debt at June 2018, up from the €41.1 million at December 2017 after the payment of €0.92 gross per share in June 2018, as a final dividend.
>> According to José Domingo de Ampuero y Osma, chairman of the Viscofan Group: “We continue leading the growth in an expanding market. This commercial dynamism combines with excellent operational execution, particularly as refers to the new plant in Cáseda, Spain. These new facilities represent a historical and unique change in the market regarding production of viscose-based casings (cellulose and fibrous), where we're achieving excellent results in terms of efficiency and end-product application."
All Results information is available on the Investor Relations site