The Office Times

Antalis to pursue targeted acquisition policy

Antalis has reported that sales were down 3.3% to €2,377 million for the year ending March 2018.

Commenting on the full-year results, Hervé Poncin, Chief Executive Officer of Antalis said: “Antalis delivered solid operating performances in 2017 – underpinned by an EBITDA margin of 3.6% – in line with our forecasts. This reflects our ability to sustain our profitability thanks to our market leader position in the distribution of Papers and our strategy to transform our business model towards the growing, higher-margin Packaging and Visual Communication sectors.

“These businesses are continuing to grow and they now account for 35% of Antalis’ consolidated gross margin. The refinancing of our syndicated credit facility and main factoring agreement secure our financing through 31 December 2021 and enable us to pursue our targeted acquisition policy, notably in the Packaging and Visual Communication sectors.”