Industry News, Printers News

Coveris Reports 3Q 2015 Financial Results

Recorded third quarter 2015 net sales of $677 million.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Coveris Holdings S.A. reported third quarter 2015 net sales of $677 million. Net sales for the third quarter of 2014 were $687 million. Excluding the impact of foreign exchange, pass-through of lower resin costs, and acquisitions, net sales for the third quarter of 2015 were up 2.5% from 2014. Adjusted EBITDA for the third quarter was $84 million. Excluding currency impacts, adjusted EBITDA was $92 million, compared to $82 million in 2014.   “Coveris reported solid operational and financial re...

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