Industry News, Printers News

Coveris Reports 3Q 2016 Financial Results

Operating income of $22.8 million for the quarter is up 31% year-to-date.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Coveris Holdings S.A. reported third quarter 2016 net sales of $616 million, compared to net sales for the third quarter of 2015 of $677 million. Adjusted EBITDA for the third quarter was $77 million, compared to $83 million in the third quarter of 2015. On a year-to-date constant currency basis, net sales for 2016 of $1.9 billion is $17 million higher than the previous year.   Adjusted EBITDA on a year-to-date basis of $243 million, is approximately 1% above the prior year. On a constant curr...

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