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ÅR Packaging Group AB year end report January - December 2015: A solid year with strong results



Quarter 4
* Net sales amounted to 141.5 MEUR (100.3).
* Operating profit excluding non-recurring items was 11.8 MEUR (7.3) with an
operating margin of 8.4% (7.2).
* Operating profit was 11.4 MEUR (7.3) and the operating margin was 8.1%
* Net profit was 4.7 MEUR (6.4).
* Earnings per share were 0.47 (0.64).
* Cash flow from operations was 25.2 MEUR (14.1).
* Changed reporting of operating segments.

January - December
* Net sales amounted to 513.5 MEUR (404.3).
* Operating profit excluding non-recurring items was 44.8 MEUR (27.4) with an
operating margin of 8.7% (6.8).
* Operating profit was 36.6 MEUR (25.7) and the operating margin was 7.1%
* Net profit was 20.0 MEUR (15.6).
* Earnings per share were 2.00 (1.56).
* Cash flow from operations was 67.0 MEUR (32.9).

CEO comments
AR Packaging confirms its positive development with a solid performance and
strong results in 2015. The year started with the acquisition of the European
operations of MeadWestvaco Corporation (MWV), which was finalised by the end
of April. The acquisition has proven very good for us and complements the
Group in an excellent manner. Sales in existing business now shows improved
order intake, which demonstrates our ability to rectify recent years' decline
and is a promising sign for our development in 2016. Finally, we improved our
profit with an all-time high EBITDA margin as a result of balanced costs and
internal efficiency improvements.

Net sales amounted to 514 MEUR (404), of which the acquired business accounted
for 106 MEUR.
Cost control has been a top priority for the turnaround of the Group in recent
years. This continued successfully in 2015 even though some resources were
added to manage the integration of the acquired business and to prepare the
Group for a potential public listing on the stock market. Our operating
profit developed extremely well, reaching an EBITDA margin of 12.2% (10.5%)
before non-recurring items. The Group also delivered a strong cash flow
following the healthy improvement in operating profit.

Our organisation has been adapted to further support our set strategy within
selected segments which now are linked to the three divisions; Branded
Products, Barrier Packaging and Food Packaging.

Looking back on the achievements of 2015, I would like to take this
opportunity to express my gratitude for the excellent collaboration with our
customers and suppliers, and for the strong effort contributed by our devoted

Harald Schulz, CEO

AR Packaging Year end report 2015


This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: ÅR Packaging Group AB via Globenewswire


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