PRESS RELEASE
April 20, 2016
AR PACKAGING ANNUAL REPORT 2015 IS PUBLISHED
The annual report 2015 of ÅR Packaging Group AB has been published today on the company's website at www.ar-packaging.com/en/Investors/Annual-reports .
2015 proved to be an extraordinary year for AR Packaging in many respects and is the result of successful strategy implementation. Net sales rose 27% to 514 MEUR, an increase mainly attributable to the acquired business of the European operations of MeadWestvaco Corporation, which has been included in the financial statements since 1 May. EBITDA margin for 2015 rose to 12.2% which is the highest margin in the Group's history.
"We have over the last years gradually improved our value proposition in core segments with a clear aim to work with customers with which we have a strategic alignment and can create a mutually beneficial relationship. This combined with relentless efforts to improve operational efficiency, reduce cost base and create a winning, performance-based culture has laid the foundation for strong improvement in profitability," says Harald Schulz, President and CEO of AR Packaging.
The annual report of AR Packaging summarizes the strong development of AR Packaging during 2015. It also includes an overview of the company and its divisions as well as the audited consolidated financial statement for the year 2015.
The digital annual report can be read at www.ar-packaging.com/en/Investors/Annual-reports . A printed version will be distributed to shareholders and be made available to other stakeholders on request.
For further information please contact: Harald Schulz, President & CEO of AR Packaging, phone +49 6192 406 100 Niclas Nyström, CFO of AR Packaging, phone +46 40 661 56 64
AR Packaging AR Packaging is one of Europe's leading companies in the packaging sector with net sales of approximately 560 MEUR (pro forma 2015) and 2 200 employees in 17 factories in nine countries. The head office is situated in Lund, Sweden. AR Packaging was formed in 2011 as a merger of A&R Carton, one of Europe's leading carton board packaging groups and Flextrus, a leader in northern Europe within flexible packaging. The group creates added value to customers by a broad product offering and deep knowledge of packaging. AR Packaging has an objective to grow both organically and by way of acquisitions. www.ar-packaging.com
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