EQS-Adhoc
Airopack Technology Group AG - ANNUAL REPORT 2014
EQS Group-Ad-hoc: Airopack Technology Group AG / Key word(s): Final
Results
Airopack Technology Group AG - ANNUAL REPORT 2014
27.03.2015 / 07:00
Release of an ad hoc announcement pursuant to Art. 53 KR.
The issuer is solely responsible for the content of this announcement.
---------------------------------------------------------------------
Airopack Technology Group AG - ANNUAL REPORT 2014
Baar, March 27, 2015
- 17.9 million pieces of Airopack dispensers shipped to customers in 2014
- Consolidated net sales of EUR 7.2 million, almost 8 times higher than
in 2013
- While the annual income statement shows a net loss of EUR 6.1 million,
the Group is confident that its operational business will show a
significant result improvement in 2015
- Funding of EUR 25.6 million secured to fund Airopack business plan
2015-2016
- Airopack Technology Group provides 2017 financial targets
In 2014, a total of 17.9 million pieces of Airopack dispensers were shipped
to customers, compared to 1.4 million pieces in 2013. The majority of the
volume was shipped to the globally leading personal care company Procter
and Gamble for their shave care brand Gillette Fusion Proglide. On top of
volumes shipped to other existing customers like Method Products and
Elizabeth Arden, Airopack Group was able to add various new renowned
consumer brands such as Aproz, Acure Organics and HAND Chemistry to its
sales portfolio in 2014.
On the consolidated level the net sales amounted to EUR 7.2 million,
compared to EUR 1.0 million in 2013. The consolidated income statement
shows a net loss of EUR 6.1 million. Even though the consolidated EBITDA
showed a significant improvement compared to 2013, this was largely off-set
by increased depreciation and financing costs.
Funding Airopack business plan
In view of the contracted and expected increase in sales volumes, Airopack
will increase its production capacity to 80 million Airopack dispensers per
year in 2015 and plans a further increase to 160 million per year in 2016.
The required capital expenditure for production equipment, as well as the
related working capital needs, are estimated at approximately EUR 25.6
million. Where possible, Airopack will attract external financing such as
leasing and factoring. The remainder will be funded from credit facilities
committed to the joint venture. To secure the Group's liquidity and the
Airopack Technology Group AG - ANNUAL REPORT 2014
Baar, March 27, 2015
- 17.9 million pieces of Airopack dispensers shipped to customers in 2014
- Consolidated net sales of EUR 7.2 million, almost 8 times higher than
in 2013
- While the annual income statement shows a net loss of EUR 6.1 million,
the Group is confident that its operational business will show a
significant result improvement in 2015
- Funding of EUR 25.6 million secured to fund Airopack business plan
2015-2016
- Airopack Technology Group provides 2017 financial targets
In 2014, a total of 17.9 million pieces of Airopack dispensers were shipped
to customers, compared to 1.4 million pieces in 2013. The majority of the
volume was shipped to the globally leading personal care company Procter
and Gamble for their shave care brand Gillette Fusion Proglide. On top of
volumes shipped to other existing customers like Method Products and
Elizabeth Arden, Airopack Group was able to add various new renowned
consumer brands such as Aproz, Acure Organics and HAND Chemistry to its
sales portfolio in 2014.
On the consolidated level the net sales amounted to EUR 7.2 million,
compared to EUR 1.0 million in 2013. The consolidated income statement
shows a net loss of EUR 6.1 million. Even though the consolidated EBITDA
showed a significant improvement compared to 2013, this was largely off-set
by increased depreciation and financing costs.
Funding Airopack business plan
In view of the contracted and expected increase in sales volumes, Airopack
will increase its production capacity to 80 million Airopack dispensers per
year in 2015 and plans a further increase to 160 million per year in 2016.
The required capital expenditure for production equipment, as well as the
related working capital needs, are estimated at approximately EUR 25.6
million. Where possible, Airopack will attract external financing such as
leasing and factoring. The remainder will be funded from credit facilities
committed to the joint venture. To secure the Group's liquidity and the
Aktuelle Themen
Weitere Artikel des Autors
1 im Artikel enthaltener WertIm Artikel enthaltene Werte