11.11.16
Coveris Holdings S.A. reported third quarter 2016 net sales of $616 million, compared to net sales for the third quarter of 2015 of $677 million. Adjusted EBITDA for the third quarter was $77 million, compared to $83 million in the third quarter of 2015. On a year-to-date constant currency basis, net sales for 2016 of $1.9 billion is $17 million higher than the previous year.
Adjusted EBITDA on a year-to-date basis of $243 million, is approximately 1% above the prior year. On a constant currency basis, adjusted EBITDA is 4% ahead of the prior year.
“We continue to follow our strategy and implementation of our key initiatives. While we saw many key metrics improve, our volumes were lower than planned,” said Gary Masse, president and CEO. “We are on a continuous improvement journey and we remain very optimistic about the company we are building.”
Adjusted EBITDA on a year-to-date basis of $243 million, is approximately 1% above the prior year. On a constant currency basis, adjusted EBITDA is 4% ahead of the prior year.
“We continue to follow our strategy and implementation of our key initiatives. While we saw many key metrics improve, our volumes were lower than planned,” said Gary Masse, president and CEO. “We are on a continuous improvement journey and we remain very optimistic about the company we are building.”