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Reports gross margin of 15.3%, the highest level achieved thus far by the company
May 20, 2015
By: DAVID SAVASTANO
Editor, Ink World Magazine
Coveris Holdings S.A. reported first quarter 2015 net sales of $634 million. Combined net sales for the first quarter of 2014 were $705 million. Excluding the impact of foreign exchange and lower resin prices, net sales for the first quarter of 2015 would have been $717 million, an increase of 1.7% from the combined net sales for the first quarter of 2014. Combined Adjusted EBITDA for the first quarter was $73.7 million, down from $77.1 million in the prior year. On a constant currency basis...
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