I.P.S. Innovative Packaging Solutions AG
DGAP-Adhoc: I.P.S. Innovative Packaging Solutions AG reports 2013 annual results
IPS Innovative Packaging Solutions AG / Key word(s): Final Results 28.03.2014 07:00 Release of an ad hoc announcement pursuant to Art. 53 KR --------------------------------------------------------------------------- Baar, 28 March 2014 - IPS ended the business year 2013 with a consolidated operating result (EBIT) of EUR -5.9 million and a consolidated loss of EUR 6.2 million. The 2013 result reflects the operational cost of the production organization set up to fulfill contracted sales volumes. As the total sales volume lagged behind expectations - mainly due to delays in the ramp-up of customers' confirmed volume requirements and timing - the absorption of the fixed organizational expenses could not be achieved. IPS Group's joint venture company Airolux shipped roughly 1.4 million pieces of Airopack to various customers including Procter & Gamble, Elizabeth Arden (Ceramide), Method Products and Remark Groep (for its brands Amando, Therme and Vogue) resulting in net sales of EUR 1.8 million in 2013. On consolidated level this translated into net sales of EUR 1.0 million for IPS Group in 2013. Outlook 2014 Based on the current volume forecasts of the existing customers and the firm expectation that additional customer projects will start in the next months, the Board of Directors and Group Management are confident that the operational business of the Group will achieve break-even in 2014. In the first 3 months of 2014 IPS Group's joint venture Airolux has shipped approximately 2.9 million pieces of Airopack resulting in net sales of roughly EUR 2.9 million. On IPS Group consolidated level this translates into net sales of approximately EUR 1.5 million for the first quarter 2014. IPS will publish its full 2013 annual report on 9 April 2014. For more information: I.P.S. Innovative Packaging Solutions AG Frans van der Vorst, CFO T: +41 (0)41 766 35 00 E-Mail: frans.vandervorst@ips-grp.com www.ips-grp.com www.airopack.com KEY FIGURES of I.P.S. Innovative Packaging Solutions AG in TEUR in TEUR 2013 2012 Consolidated income statement Net sales 954 159 EBITDA -4'035 -4'090 EBIT -5'907 - 5'605 Net result -6'244 -5'969 Net result per share in EUR -0'54 -0'62 Consolidated cash flow 307 -40 Consolidated balance sheet Cash and cash equivalents 443 138 Shareholders' equity 8'774 795 Balance sheet total 21'251 14'216 28.03.2014 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 ---------------------------------------------------------------------------