The Office Times

Antalis reports challenging paper market

Antaiis reports that its sales were down 0.6% to €1,178 million in the first half of the year. The Papers sector saw significant price increases in a context of falling volumes in the European market.

The company says it has continued the transformation of its business model towards the Packaging and Visual Communication sectors. These two sectors now contribute 37% of Antalis' consolidated gross margin. Antalis is also refocusing on the most dynamic geographies and business sectors through the sale of the subsidiaries in South Africa and Botswana. nition of €20 million in non-recurring expenses

Commenting on the half-year results, Hervé Poncin, Chief Executive Officer of Antalis said: "Antalis recorded an EBITDA margin of 3.1% for the first six months of the year, reflecting our capacity to constantly pass price increases in the Papers sector on to the markets together with solid growth in our Packaging sector. The transformation of our business model towards more dynamic geographies and sectors while continuing to consolidate our positions in our historic business sector continues apace. Thanks to the acquisitions completed in H1 2018 and, taking into account the imminent sale of our Southern African businesses, the contribution of Packaging and Visual Communication to the Group's total margin has grown by 3 points to 37% when compared with H1 2017."