Frigoglass S.A.I.C. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
December 06, 2023 at 07:51 am EST
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Frigoglass S.A.I.C. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was EUR 94.36 million compared to EUR 126.97 million a year ago. Net loss was EUR 9.71 million compared to EUR 7.05 million a year ago.
For the nine months, sales was EUR 356.33 million compared to EUR 375.19 million a year ago. Net loss was EUR 31.68 million compared to EUR 2.35 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. 
