Antalis publishes 2019 Annual financial report
Sales down 10.3%, EBITDA down 27.6%

‘In 2019, the European paper market recorded an 8% decline
in volumes and was also hit by a drop of around 6% in prices
between the first and fourth quarters,
attributable to the sharp contraction in paper pulp prices.’
Page 77

HERVÉ PONCIN, Chief Executive Officer:

– In 2019, Antalis had to contend with headwinds in many of the markets in which it operates. The business environment deteriorated in Europe, Asia and Latin America, especially during the second-half of the year. Political uncertainty has also weighed upon demand in countries in which the Group has strong market positions (i.e., United Kingdom, Chile, Hong Kong and France). In 2019, the European Papers market contracted sharply by a further 8% and prices – which had been rising – began falling in spring 2019. Moreover, the Group was negatively impacted by the failure of a strategic coated and recycled papers supplier, which accounted for approximately 4% of its 2018 purchases in value terms, and the Group’s controlling shareholder went into liquidation. Industrial Packaging, particularly in the German auto sector was also impacted, albeit to a lesser extent.

Nevertheless, our Group proved its resilience in these difficult conditions: sales totalled €2,074 million, down 8.6% on a comparable basis, and EBITDA came in at €54 million, giving an EBITDA margin of 2.6%, thanks in particular to a major cost-cutting drive over the year. These operating performances have once again demonstrated our considerable resilience and expertise, the commitment of our teams, the diversity of our geographies and product portfolio, the support of our strategic suppliers and the steadfast loyalty of our customers. These strengths will almost certainly be tested again in 2020 in dealing with the fallout from the global Covid-19 pandemic…

Antalis: 2019 Annual financial report (.pdf, 8,99 МБ )

Источник: Antalis