News & Awards
Results for the Third Quarter ended 30 September 2017

Athens, Greece, 24 November 2017 – Frigoglass SAIC (“Frigoglass” or “we” or the “Group”) announces results for the quarter and nine months ended 30 September 2017

Third Quarter 2017 Highlights

  • EBITDA margin improvement on cost-out measures, favourable geographical ICM sales mix and better fixed cost absorption
  • Strong sales growth in Western Europe (+32% y-o-y), driven by Coca-Cola bottlers
  • Glass operations’ sales marginally lower year-on-year, despite weak demand in Dubai-based operations; Strong sales growth in Crowns business
  • Successful completion of capital restructuring process in October, leading to:
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