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Net sales of $598 million for 1Q 2017 versus $639 million in 1Q 2016.
May 17, 2017
By: DAVID SAVASTANO
Editor, Ink World Magazine
Coveris Holdings S.A. reported net sales of $598 million for the first quarter of 2017 versus $639 million in the first quarter of 2016. Excluding a $35 million impact of currency, the first quarter sales were down about 1% compared with the same quarter in the prior year. Adjusted EBITDA for the quarter was $59 million, compared to $75 million for the same period in the prior year. Currency accounted for approximately $4 million of the decline. The decline is primarily related to softer vol...
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