Frigoglass S.A.I.C. Reports Earnings Results for the Fourth Quarter Ended December 31, 2019
March 19, 2020 at 03:04 am EDT
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Frigoglass S.A.I.C. Announced earnings results for the fourth quarter ended December 31, 2019. For the fourth quarter, the company announced sales was EUR 97.506 million compared to EUR 88.885 million a year ago. Operating income was EUR 2.701 million compared to EUR 2.788 million a year ago. Net loss was EUR 3.596 million compared to EUR 842,000 a year ago. For the full year, sales was EUR 482.337 million compared to EUR 417.297 million a year ago. Operating income was EUR 50.098 million compared to EUR 34.572 million a year ago. Net income was EUR 5.566 million compared to net loss of EUR 8.708 million a year ago.
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. 
