(Published in " Les Echos " on July 11, 2012)
1st Half 2012 Revenues slightly down 1.3% to EUR126.1 million
PSB Industries' consolidated revenues in H1 2012 amounted toEUR126.1 million
euros, down 1.3% (or 2.2% on a constant currency basis). Sales in Q2 were down
1.3% (down 2.7% on a constant currency basis)
This trend is in line with our first quarter and confirms our expectations.
Beauty Packaging was stable at EUR80.3 million (up 0.6% or down 0.3% on a
constant currency basis). Sales in Q2 grew slightly by 2.1% (or 0.5% on a
constant currency basis). This growth should accelerate in Q3 with new product
Custom packaging's sales of EUR25.1 million were flat on 2011 (up 0.6%), but
down 3.8% in Q2 2012, as agri-food sales were impacted by unfavorable weather.
Specialty chemicals sales dropped 10.0% to EUR20.7 million (or 11.9% on a
constant currency basis). Q2 sales were down 10.0% (or 12.6% on a constant
currency basis). This contraction was primarily driven by the LED market whose
sales haven't picked up yet. This trend is expected to turn around in H2 2012.
The trend for PSB Industries' sales in H1 is expected to turn around beginning
in Q3. This will make it possible to close in on the annual 5% growth target
announced earlier this year.
2012 2012 2011 Change on a
Revenues on a currency (2) constant currency
(in thousands of euros) 2011 basis basis
Q1 63,243 62,981 64,023 -1.6%
Q2 62,826 61,923 63,669 -2.7%
Total H1 126,069 124,904 127,692 -2.2%
H1 earnings will be published on Tuesday, August 21, 2012.
Nyse Euronext (ISIN FR0000060329) - Cac Small, Cac Mid & Small,
All of the company's financial results can be viewed here: www.psbindus.com -
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