I.P.S. Innovative Packaging Solutions AG

DGAP-Adhoc: IPS Innovative Packaging Solutions AG reports 2013 half year results

IPS Innovative Packaging Solutions AG   / Key word(s): Half Year Results

05.09.2013 18:00

Release of an ad hoc announcement pursuant to Art. 53 KR
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I.P.S. Innovative Packaging Solutions AG
reports 2013 half year results

Baar, 2 September 2013 - In the period ending 30 June 2013, IPS Group's
joint venture company Airolux shipped over 0.7 million pieces of Airopack
to various customers translating into consolidated net sales of EUR 0.3
million. However the total sales volume lagged behind management's
expectations mainly due to unexpected delays in the start of various
customer projects and the underperforming of customers compared to their
confirmed volume requirements.

The consolidated accounts show a loss of EUR 3.4 million for the first half
of 2013 compared to a loss of EUR 2.9 million in the first six months of
2012. The operative result (EBITDA) for that period amounted to a loss of
EUR 2.3 million compared to a loss of EUR 2.0 million in the first half of
2012. The negative result reflects the fixed operational cost of the
production organisation set up to fulfil expected sales and the operational
expenses of IPS Group in connection with the successful market introduction
and the further development of the Airopack product range. In the first
half of 2013 IPS has managed to win several additional established European
companies as customers for its joint venture Airolux and the Airopack
product. IPS will publish its half year report on 27 September 2013.

For more information:
I.P.S. Innovative Packaging Solutions AG
Frans van der Vorst, CFO
Zugerstrasse 76b
CH-6340 Baar
T: +41 (0)41 766 35 00
E-Mail:  frans.vandervorst@ips-grp.com
www.ips-grp.com

I.P.S. Innovative Packaging Solutions 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. Its patented, innovative AiropackTM
technology offers clear environmental benefits compared to conventional
aluminum dispensers thanks to the use of PET packaging and natural air as a
propellant instead of aerosols hence reducing up to 74% in CO2 and 42% in
energy used.
Within the context of a joint venture (Airolux AG) with Resilux
(www.resilux.com) the company operates a manufacturing facility in Bilten
(GL) with an annual capacity of around 40 million units. With the delivery
of its first products, IPS reached an important milestone in 2012 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: IPS / ISIN: CH0002013826).

IPS Innovative Packaging Solutions AG
Zugerstrasse 76B
CH-6340 Baar
Switzerland


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Language:               English
Company:                IPS Innovative Packaging Solutions AG
                        Zugerstrasse 76b
                        6340 Baar
                        Switzerland
Phone:                  +41 417663500
Fax:                    +41 417663509
E-mail:              info@ips-grp.com
Internet:            www.ips-grp.com
ISIN:                   CH0002013826
Valor:                  872693
Listed:                 Freiverkehr in Berlin, Düsseldorf, Hamburg,
                        Hannover, München, Stuttgart; Frankfurt in Open
                        Market ; SIX

End of Announcement                             EQS Group News-Service

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