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Avery Dennison Announces 4Q, Full Year 2020 Results

Net sales in 4Q 2020 were $1.99 billion, up 12.3%, but fiscal year sales were down 1.4% to $6.97 billion.

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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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