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Enterprise-wide sales of RFID products were up approximately 55%.
February 4, 2021
By: DAVID SAVASTANO
Editor, Ink World Magazine
Driven by sizable gains in RFID, Avery Dennison announced preliminary, unaudited results for its fourth quarter and year ended Jan. 2, 2021. Net sales in 4Q 2020 were $1.99 billion, up 12.3%, but fiscal year sales were down 1.4% to $6.97 billion. Reported operating margin in the 4Q 2020 increased 350 basis points to 13.7%. Adjusted EBITDA margin increased 180 basis points to 16.3%, while adjusted operating margin increased 160 basis points to 13.5%. Free cash flow was $548 million in 2020. On ...
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