Antalis publishes results for first nine months of 2019
Sales down 7.2%, EBITDA down 16.2%
In the nine months through end-September 2019, Antalis delivered sales of €1,563 million, down 7.2% on a comparable basis (down 9.7% on a reported basis). The FX impact on sales was negligible for the period.
EBITDA down 16.2% to €41.5 million on a comparable basis and at constant accounting methods (down 17.5% as reported).
EBITDA margin down 0.2 points to 2.7%
In the nine months to 30 September, the Main European Geographies (UK & Ireland, France, Germany & Austria) generated sales of €806 million, down 8.9% on 9M 2018 (down 9.0% at constant exchange rates). This drop reflected the sharp contraction in Papers volumes coupled with the negative impact of the bankruptcy of one of Antalis’ graphic and recycled papers suppliers, partially offset by the resilience of the Packaging and Visual Communication business sectors.
Sales for the Rest of Europe declined by 5.6% year-on-year to €648 million (down 5.5 % at constant exchange rates). There were contrasting performances depending on the country and business sector, with notably good performances in Eastern European countries and in Italy.
Sales for the Rest of the World declined by 31.7% to €109 million (down 7.2 % at constant perimeter and exchange rates), chiefly due to the impact of the disposal of the Southern African businesses in October 2018.
Operating results at end-September 2019 (.pdf 182 КБ)
Источник: Press release