Airopack Technology Group AG

EQS-Adhoc: Airopack Technology Group AG - ANNUAL REPORT 2014

EQS Group-Ad-hoc: Airopack Technology Group AG / Key word(s): Final
Results
Airopack Technology Group AG - ANNUAL REPORT 2014

27.03.2015 / 07:00
Release of an ad hoc announcement pursuant to Art. 53 KR.
The issuer is solely responsible for the content of this announcement.

---------------------------------------------------------------------

Airopack Technology Group AG - ANNUAL REPORT 2014

Baar, March 27, 2015

  - 17.9 million pieces of Airopack dispensers shipped to customers in 2014

  - Consolidated net sales of EUR 7.2 million, almost 8 times higher than
    in 2013

  - While the annual income statement shows a net loss of EUR 6.1 million,
    the Group is confident that its operational business will show a
    significant result improvement in 2015

  - Funding of EUR 25.6 million secured to fund Airopack business plan
    2015-2016

  - Airopack Technology Group provides 2017 financial targets


In 2014, a total of 17.9 million pieces of Airopack dispensers were shipped
to customers, compared to 1.4 million pieces in 2013. The majority of the
volume was shipped to the globally leading personal care company Procter
and Gamble for their shave care brand Gillette Fusion Proglide. On top of
volumes shipped to other existing customers like Method Products and
Elizabeth Arden, Airopack Group was able to add various new renowned
consumer brands such as Aproz, Acure Organics and HAND Chemistry to its
sales portfolio in 2014.

On the consolidated level the net sales amounted to EUR 7.2 million,
compared to EUR 1.0 million in 2013. The consolidated income statement
shows a net loss of EUR 6.1 million. Even though the consolidated EBITDA
showed a significant improvement compared to 2013, this was largely off-set
by increased depreciation and financing costs.

Funding Airopack business plan
In view of the contracted and expected increase in sales volumes, Airopack
will increase its production capacity to 80 million Airopack dispensers per
year in 2015 and plans a further increase to 160 million per year in 2016.
The required capital expenditure for production equipment, as well as the
related working capital needs, are estimated at approximately EUR 25.6
million. Where possible, Airopack will attract external financing such as
leasing and factoring. The remainder will be funded from credit facilities
committed to the joint venture. To secure the Group's liquidity and the
planned investments, the Board of Directors has decided to effect a capital
increase which will generate EUR 8.5 million in cash.

Outlook and 2017 financial targets
Based on the contracted and expected increase in sales volumes, Airopack
Technology Group expects its 2017 consolidated sales to range between EUR
100m and EUR 130m with a consolidated EBIT-margin of between 13% and 15%.
The 2014 annual report is available for download on the website
www.airopackgroup.com under the link - investor relations - reports
(http://www.airopackgroup.com/en/investor-relations/reports/).

AIROPACK TECHNOLOGY GROUP AG - KEY FIGURES



                                             in TEUR               in TEUR
                                                2014                  2013
Consolidated income statement
Net sales                                      7'210                   954
EBITDA                                        -3'474                -4'035
EBIT                                          -5'453                -5'907
Net result                                    -6'050                -6'244
Net result per share in EUR                    -0.47                 -0.54
Consolidated cash flow                           508                   307

Consolidated balance sheet
Cash and cash equivalents                        956                   443
Shareholders' equity                           4'767                 8'774
Balance sheet total                           24'722                21'251




For more Information:
Airopack Technology Group AG
Frans van der Vorst, CFO
Zugerstrasse 76b
CH-6340 Baar
T: +41 41 766 35 00
E: frans.vandervorst@airopackgroup.com


Airopack Technology Group AG is a leading developer and supplier of
mechanical and pressure-controlled dispensing packaging technologies and
systems for manufacturers and suppliers of cosmetics, body care,
pharmaceutical and food products. The revolutionary and worldwide patented
Airopack(R) technology offers a safe, all-plastic pressurized dispenser
that
is environmentally friendly: no inhalation risks, no propellants and no
unnecessary waste. Unlike other pressurized dispensers that use propellants
Airopack(R) uses just normal compressed air which results in dispensing a
formulation at constant pressure from start to finish.


Airopack Group does not only offer this patented technology but also has a
Full-service operation. With this Full-service offering Airopack Group
provides a turnkey solution to quickly and easily launch customer products
in Airopack(R). Via the unique Full-service operation Airopack Group can
mould, assemble, sleeve or label, fill and pack Airopack(R) to customer's
specifications. In addition Airopack Group has a highly experienced
laboratory for formulation development and bulk production to ensure the
best quality and control.


Within the context of a joint venture (Airolux AG) with Resilux
(www.resilux.com) the Airopack Technology Group operates a manufacturing
facility in Glarus Nord, Switzerland, a Full-service operation in Belgiium,
a PCD production operation, global R&D and customer service facility in
Waalwijk, the Netherlands and a sales office in Pendergrass, Georgia,
United
States of America. With deliveries to the world's largest and leading
consumer brands, Airopack Technology Group reached a key milestone in 2015
with respect to commercial market entry. The shares of the company are
listed on the Domestic Standard of the SIX Swiss Exchange since 2010.
(Ticker: AIRN / ISIN: CH0242606942).



Airopack Technology Group AG
Frans van der Vorst, CFO
Zugerstrasse 76b
CH-6340 Baar
T +41 41 766 35 00
E frans.vandervorst@airopackgroup.com

www.airopackgroup.com

End of ad hoc announcement

---------------------------------------------------------------------

27.03.2015 News transmitted by EQS Schweiz AG. www.eqs.com - news
archive: http://switzerland.eqs.com/de/News

The issuer is responsible for the contents of the release.

---------------------------------------------------------------------


Language:    English
Company:     Airopack Technology Group AG
             Zugerstrasse 76b
             6340 Baar
             Switzerland
Phone:       +41 417663500
Fax:         +41 417663509
E-mail:   frans.vandervorst@airopackgroup.com
Internet: www.airopackgroup.com
ISIN:        CH0242606942
Listed:      Regulated Unofficial Market in Berlin, Dusseldorf,
             Hamburg, Hanover, Munich, Stuttgart; Open Market in
             Frankfurt ; SIX


End of News    EQS Group News-Service
---------------------------------------------------------------------
338259 27.03.2015
 

 


Das könnte Sie auch interessieren: