Antalis reports stable sales
| 07 February, 2019
Antalis has announced that its estimated sales for FY2018 should stand at €2,310 million, down 1.0% and its estimated EBITDA at €74 million, representing a 3.2% EBITDA margin
Antalis says these operating performances highlight its resilience in the context of a sharp volume decrease in the European Papers distribution market due to selling price increases driven by soaring paper pulp prices. They also reflect the increasing contribution of Packaging and Visual Communication to the Group’s gross margin, which should represent approximately 37% in 2018.
In view of the announcement made by Sequana, its controlling shareholder, regarding the decision handed down by the Court of Appeal in London in the litigation between Sequana and British American Tobacco (BAT), Antalis reminds that this decision has no impact on Antalis, which is not a party to this litigation.
In agreement with Sequana, the board of directors of Antalis has taken the decision to commission an investment bank to set up a new shareholding structure in the coming months in the interests of the company, which will enable it to ensure its development and to implement its strategic plan.