Industry News

Coveris Reports 2017 Audited Financial Results

Net sales of $2.5 billion, consistent with 2016, with adjusted EBITDA of $264 million for the year.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Coveris Holdings S.A. reported revenues for the full year of 2017 of $2.5 billion. These sales were in-line with the prior year. Lower volumes in flexibles were offset by the pass-through of higher resin costs. For the fourth quarter, net sales were $627 million compared with $592 million in the fourth quarter of the prior year.   As a result of its November 2017 announcement to explore strategic alternatives for its Americas and Rigid businesses, Coveris has classified those businesses as dis...

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