Frigoglass S A : Results for the Third Quarter ended 30 September 2017
November 24, 2017 at 01:52 am EST
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Athens, Greece, 24 November2017 - Frigoglass SAIC ('Frigoglass' or 'we' or the 'Group') announces results for the quarter and nine months ended 30 September 2017
Third Quarter 2017 Highlights
EBITDA margin improvement on cost-out measures, favourable geographical ICM sales mix and better fixed cost absorption
Strong sales growth in Western Europe (+32% y-o-y), driven by Coca-Cola bottlers
Glass operations' sales marginally lower year-on-year, despite weak demand in Dubai-based operations; Strong sales growth in Crowns business
Successful completion of capital restructuring process in October, leading to:
Frigoglass SA published this content on 24 November 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 24 November 2017 06:51:03 UTC.
Original documenthttps://www.frigoglass.com/results-third-quarter-ended-30-september-2017/
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Frigoglass SA is a Greece-based international group engaged in the manufacture, trade and distribution of commercial refrigeration units and packaging materials primarily used in the beverage industry. Its products include Ice Cold Merchandisers, which are refrigeration units for commercial use; glass containers, including bottles for soft and alcohol drinks, jars used for cosmetics and pharmaceuticals; plastics, which include plastic crates for the beverage industry, polyethylene pipes and plastics for industrial applications; metal crowns used in the sealing of beverage bottles, and home refrigeration, specializing in customized units for corners, pantries and wine cellars for the home use. It has production facilities in Romania, Russia, Greece, Turkey, India, China, Indonesia, South Africa, Nigeria, and the United States. It also has sales offices established across Europe, Africa and Asia. Its customers include Coca-Cola, Carlsberg, Diageo, Heineken and Nestle.
FRIGOGLASS S.A.I.C. 
