Industry News, Printers News

Coveris Reports 3Q 2014 Financial Results

Reports pro forma net sales of $693 million for Q3, up 1% from the prior year

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Coveris Holdings S.A. reported third quarter 2014 pro forma net sales of $693 million. Pro forma net sales for the third quarter of 2013 were $689 million. Adjusted pro forma EBITDA for the quarter was $77.5 million versus $71.2 million in the same period last year, up 9%. On a year-to-date basis, adjusted pro forma EBITDA is $249.6 million, up 20% from the prior year.   “We continue to experience margin expansion as we focus on implementation of the Coveris Business System, or CBS,” said Gary...

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