I.P.S. Innovative Packaging Solutions AG
DGAP-Adhoc: IPS Innovative Packaging Solutions AG reports 2013 half year results
IPS Innovative Packaging Solutions AG / Key word(s): Half Year Results 05.09.2013 18:00 Release of an ad hoc announcement pursuant to Art. 53 KR --------------------------------------------------------------------------- I.P.S. Innovative Packaging Solutions AG reports 2013 half year results Baar, 2 September 2013 - In the period ending 30 June 2013, IPS Group's joint venture company Airolux shipped over 0.7 million pieces of Airopack to various customers translating into consolidated net sales of EUR 0.3 million. However the total sales volume lagged behind management's expectations mainly due to unexpected delays in the start of various customer projects and the underperforming of customers compared to their confirmed volume requirements. The consolidated accounts show a loss of EUR 3.4 million for the first half of 2013 compared to a loss of EUR 2.9 million in the first six months of 2012. The operative result (EBITDA) for that period amounted to a loss of EUR 2.3 million compared to a loss of EUR 2.0 million in the first half of 2012. The negative result reflects the fixed operational cost of the production organisation set up to fulfil expected sales and the operational expenses of IPS Group in connection with the successful market introduction and the further development of the Airopack product range. In the first half of 2013 IPS has managed to win several additional established European companies as customers for its joint venture Airolux and the Airopack product. IPS will publish its half year report on 27 September 2013. For more information: I.P.S. Innovative Packaging Solutions AG Frans van der Vorst, CFO Zugerstrasse 76b CH-6340 Baar T: +41 (0)41 766 35 00 E-Mail: frans.vandervorst@ips-grp.com www.ips-grp.com I.P.S. Innovative Packaging Solutions AG is a leading developer and supplier of mechanical and pressure-controlled dispensing packaging technologies and systems for manufacturers and suppliers of cosmetics, body care, pharmaceutical and food products. Its patented, innovative AiropackTM technology offers clear environmental benefits compared to conventional aluminum dispensers thanks to the use of PET packaging and natural air as a propellant instead of aerosols hence reducing up to 74% in CO2 and 42% in energy used. Within the context of a joint venture (Airolux AG) with Resilux (www.resilux.com) the company operates a manufacturing facility in Bilten (GL) with an annual capacity of around 40 million units. With the delivery of its first products, IPS reached an important milestone in 2012 with respect to commercial market entry. The shares of the company are listed on the Domestic Standard of the SIX Swiss Exchange since 2010. (ticker: IPS / ISIN: CH0002013826). IPS Innovative Packaging Solutions AG Zugerstrasse 76B CH-6340 Baar Switzerland 05.09.2013 News transmitted by EQS Schweiz AG. The issuer is responsible for the contents of the release. EquityStory publishes regulatory releases, media releases on the capital market and press releases. The EquityStory Group distributes authentic and real-time financial news for over 1'300 listed companies. The Swiss news archive can be found at www.equitystory.ch/news --------------------------------------------------------------------------- Language: English Company: IPS Innovative Packaging Solutions AG Zugerstrasse 76b 6340 Baar Switzerland Phone: +41 417663500 Fax: +41 417663509 E-mail: info@ips-grp.com Internet: www.ips-grp.com ISIN: CH0002013826 Valor: 872693 Listed: Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover, München, Stuttgart; Frankfurt in Open Market ; SIX End of Announcement EQS Group News-Service ---------------------------------------------------------------------------