Brief: Quadpack Industries 2017 Turnover At EUR 90.7 MLN

Quadpack Industries SA

24/07/2018 10:31

July 24 (Reuters) - Quadpack Industries SA  MLQP.PA :
    * QUADPACK INDUSTRIES CLOSES 2017 WITH €90.7M TURNOVER AND
29%
GROWTH
    * FY STEADY EBITDA OF EUR 6.8 MILLION
    * LOOKING AHEAD, ESTIMATED 2018 TURNOVER IS EUR 106M
    * SAYS A NEW DEPARTMENT OF DESIGN AND ADVANCED TECHNOLOGIES
WILL
PROPEL COMPANY'S RESEARCH AND DEVELOPMENT
    * GROWTH PLANS THIS YEAR ARE CONCENTRATED ON REGIONAL
EXPANSION,
PRODUCT OFFER AND MANUFACTURING DIVISION
    * SAYS ROADMAP IS UNDER DEVELOPMENT TO ENRICH QUADPACK'S
PRODUCT
PORTFOLIO WITH INNOVATIVE SOLUTIONS
    * AIMS TO REINVEST UP TO 33% OF ITS PROFIT BACK INTO
BUSINESS
    * A EUR 2M INVESTMENT BUDGET IS EARMARKED FOR PLANT
IMPROVEMENTS
AND NEW EQUIPMENT IN FACTORIES
    * SAYS BUSINESS WILL BENEFIT FROM INVESTMENTS AND
INITIATIVES WE
MADE IN 2017
    * QUADPACK ULTIMATELY AIMS TO REINVEST UP TO 33% OF ITS
PROFIT
BACK INTO BUSINESS

Source text for Eikon:  ID:nNDL8vFXwG 
Further company coverage:  MLQP.PA 

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