Industry News, Printers News

Coveris Reports 4Q. Full Year Financial Results

Full-year operating income is $85 million, up 18% versus prior year.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Coveris Holdings S.A. reported for the full year of 2016 of $2.5 billion. Excluding the impact of currency, $96 million, these sales were in line with the prior year. For the fourth quarter, net sales were $592 million compared with $645 million in the fourth quarter of the prior year. Of this decline, currency accounted for $37 million while softer volumes accounted for the balance.   Adjusted EBITDA for the year was $308 million, compared to $324 million for the prior year. Currency accounte...

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