Frigoglass says sales up 26.5 pct in Q3

Gazzetta team 10 Νοεμβρίου 2015 - 12:17

Frigoglass on Tuesday said its sales from continued activities totaled 66.061 million euros in the third quarter of 2015, up from 52.225 million in the corresponding period last year, an increase of 26.5 pct.

Nine-month sales grew 4.1 pct to 263.733 million euros.
EBITDA fell 2.2 pct to 20.261 million euros in the nine-month period from January to September, but totaled 209,000 euros in the third quarter from a loss of 1.612 million euros in the same quarter of 2014.
Adjusted net result from continued activities was a loss of 16.916 million euros in the third quarter, from a loss of 10.858 million in 2014, while in the January-September period losses grew to 20.959 million euros from a loss of 14.670 million euros last year.
Operating results showed a loss of 3.461 million euros in the third quarter and profits of 9.015 million euros in the nine-month period.
Nikos Mamoulis, chief executive of Frigoglass, commenting on the results said that the company's supremacy in innovation contributed to a strong increase in sales to Coca Cola bottlers for a third successive quarter. He added that Frigoglass was expected a continuation of adverse conditions in some of its basic markets and that the company was focusing on boost productivity and improving its cost structure.