DGAP-Adhoc: Airopack Technology Group AG: HALF-YEAR REPORT 2014
Airopack Technology Group AG / Key word(s): Half Year Results
26.09.2014 07:00
Release of an ad hoc announcement pursuant to Art. 53 KR
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Airopack Technology Group AG - HALF-YEAR REPORT 2014
Baar, September 26, 2014 - half-year report 2014
- 6.7 million pieces of Airopack shipped to customers in the first half
of 2014
- Net sales 10 times higher than in the first half of 2013 at
consolidated level
- While the half-year income statement shows a net loss of EUR 3.0
million, the Group is confident that its operational business will show
a significant result improvement in the second half of 2014 and will be
profitable going forward.
In the first half of 2014, Airopack Technology Group's joint venture
company Airolux shipped 6.7 million pieces of Airopack to its customers.
This is roughly 10 times the volume shipped in the first half of 2013, and
5 times the annual volume shipped in 2013. The main volumes were purchased
by the globally leading personal care company Procter & Gamble and the
US-based company Method Products. Smaller volumes were delivered to various
customers including Elizabeth Arden (Ceramide), Nordictan and Remark Groep
(for its brands Amando, Therme, Vogue and De Vergulde Hand).
At the joint venture level net sales amounted to EUR 6.4 million. At the
consolidated level this translated into net sales of EUR 3.4 million, which
is 10 times the net sales of the first half of 2013. The consolidated 2014
half-year income statement shows a net loss of EUR 3.0 million, an
improvement of EUR 0.4 million compared to the first 6 months of 2013. At
the joint venture level EBITDA-break-even was achieved for the month of
June 2014.
Outlook
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 at
the joint venture level break-even can be achieved in the second half of
2014.
At the consolidated level, Group Management expects the second half of 2014
to show a significant result improvement compared to the first half-year.
The extent of the improvement will depend on the sales mix in the remaining
months of the calendar year. In any case, Group Management is confident
that the operational business of the Group will be profitable going
forward.
The 2014 half-year report is available for download on the website
www.airopackgroup.com
under the link - investor relations - reports:
(http://www.airopackgroup.com/en/investor-relations/reports/).
For more information:
Airopack Technology Group AG
Frans van der Vorst, CFO
Zugerstrasse 76b
CH-6340 Baar
TF: +41 (0)41 766 35 00
E-Mail: frans.vandervorst@airopackgroup.comwww.airopackgroup.com
Airopack Technology Group 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. The revolutionary and worldwide patented
Airopack(R) technology offers a safe, all-plastic pressurized dispenser
that is environmentally friendly: no inhalation risks, no dirty propellants
and no unnecessary waste. Unlike other pressurized dispensers that use
dirty propellants Airopack(R) uses just normal compressed air which results
in dispensing a formulation at constant pressure from start to finish.
Airopack Group does not only offer this patented technology but also has a
Full-service offering. With this Full-service offering Airopack Group
provides a turnkey solution to quickly and easily launch customer products
in Airopack(R). Via the unique Full-service offering Airopack Group can
mould, assemble, sleeve or label, fill and pack Airopack(R) to customer's
specifications. In addition Airopack Group has a highly experienced
laboratory for formulation development and bulk production to ensure the
best quality and control.
Within the context of a joint venture (Airolux AG) with Resilux
(www.resilux.com) the Group operates a manufacturing facility in Glarus
Nord, Switzerland, a Full-service operation facility in Heist-op-den-Berg,
Belgium, a global R&D and Customer Service facility in Waalwijk, the
Netherlands and a sales office in Pendergrass, Georgia, United States of
America. With the delivery of its first products, Airopack Technology Group
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: AIRN / ISIN: CH0242606942).
Airopack Technology Group AG
Frans van der Vorst, CFO
Zugerstrasse 76B
6340 Baar
Switzerland
T +41 (0)41 766 35 00
E frans.vandervorst@airopackgroup.comwww.airopackgroup.com
26.09.2014 News transmitted by EQS Schweiz AG.
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Language: English
Company: Airopack Technology Group AG
Zugerstrasse 76b
6340 Baar
Switzerland
Phone: +41 417663500
Fax: +41 417663509
E-mail: frans.vandervorst@airopackgroup.com
Internet: www.airopackgroup.com
ISIN: CH0242606942
Valor:
Listed: Freiverkehr in Berlin, Düsseldorf, Hamburg,
Hannover, München, Stuttgart; Frankfurt in Open
Market ; SIX
End of Announcement EQS Group News-Service
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