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Intelligent Labels were up approximately 40% ex. currency with the benefit of the Smartrac acquisition, and up approximately 20% organically.
April 30, 2021
By: DAVID SAVASTANO
Editor, Ink World Magazine
With sizable gains across all of its segments, Avery Dennison Corporation announced preliminary, unaudited results for its first quarter ended April 3, 2021. Label and Graphic Materials segment sales increased 17.3% to $1.38 billion. Reported operating margin increased 170 basis points to 16.4%. Retail Branding and Information Solutions (RBIS) sales increased 20.1% to $483 million. Intelligent Labels were up approximately 40% ex. currency with the benefit of the Smartrac acquisition, and up a...
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