I.P.S. Innovative Packaging Solutions AG

DGAP-Adhoc: I.P.S. Innovative Packaging Solutions AG reports 2013 annual results

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

28.03.2014 07:00

Release of an ad hoc announcement pursuant to Art. 53 KR

Baar, 28 March 2014 - IPS ended the business year 2013 with a consolidated
operating result (EBIT) of EUR -5.9 million and a consolidated loss of EUR
6.2 million. The 2013 result reflects the operational cost of the
production organization set up to fulfill contracted sales volumes. As the
total sales volume lagged behind expectations - mainly due to delays in the
ramp-up of customers' confirmed volume requirements and timing - the
absorption of the fixed organizational expenses could not be achieved.
IPS Group's joint venture company Airolux shipped roughly 1.4 million
pieces of Airopack to various customers including Procter & Gamble,
Elizabeth Arden (Ceramide), Method Products and Remark Groep (for its
brands Amando, Therme and Vogue) resulting in net sales of EUR 1.8 million
in 2013. On consolidated level this translated into net sales of EUR 1.0
million for IPS Group in 2013.

Outlook 2014
Based on the current volume forecasts of the existing customers and the
firm expectation that additional customer projects will start in the next
months, the Board of Directors and Group Management are confident that the
operational business of the Group will achieve break-even in 2014.
In the first 3 months of 2014 IPS Group's joint venture Airolux has shipped
approximately 2.9 million pieces of Airopack resulting in net sales of
roughly EUR 2.9 million. On IPS Group consolidated level this translates
into net sales of approximately EUR 1.5 million for the first quarter 2014.

IPS will publish its full 2013 annual report on 9 April 2014.

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

KEY FIGURES of I.P.S. Innovative Packaging Solutions AG

                                             in TEUR                in TEUR
                                                2013                   2012
Consolidated income statement
Net sales                                        954                    159
EBITDA                                        -4'035                 -4'090
EBIT                                          -5'907                - 5'605
Net result                                    -6'244                 -5'969
Net result per share in EUR                    -0'54                  -0'62

Consolidated cash flow                           307                    -40

Consolidated balance sheet
Cash and cash equivalents                        443                    138
Shareholders' equity                           8'774                    795
Balance sheet total                           21'251                 14'216

28.03.2014 News transmitted by EQS Schweiz AG.
The issuer is responsible for the contents of the release.

EquityStory publishes regulatory releases, media releases on the capital
market and press releases.
The EquityStory Group distributes authentic and real-time financial news
for over 1'300 listed companies.
The Swiss news archive can be found at www.equitystory.ch/news


Language:               English
Company:                IPS Innovative Packaging Solutions AG
                        Zugerstrasse 76b
                        6340 Baar
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



Weitere Meldungen: I.P.S. Innovative Packaging Solutions AG

Das könnte Sie auch interessieren: