Below estimates of €93m-€96m, and that investor expectations were muted into the print, but with unchanged outlook, it expected 2023 consensus EBIT of €380m as broadly unchanged.
The modest downside at EPS level, given previously announced one-off Prague planned plant closure costs are not tax-deductible. We expect a better 2H vs 1H EBIT performance, with modest improvement in volumes and benefit of lower cost inflation (i.e. boxboard, polymer, waste paper & logistics) but their packaging pricing ‘sticking’ for longer, supporting margins.
It said flexible packaging remains challenging: “Flexible plastic packaging has a longer supply chain, and greater ability to store stock through the chain & thus is continuing to see destocking headwinds. India (c8% sales) is focused on premium brands, and is likely to continue to see trading down. 
Short-term profitability improvement will be driven by volumes whilst longer term, the flexible division is a self-help recovery story potentially boosting group EBIT by >10% vs 2023 lows.” It concluded: “Overall, we believe that 2Q23 results might mark the end of the consensus earnings downgrades.”
Liyang Paper products co., ltd is a factory and trade company located in Dongguan, China. Specialized in producing gift paper packaging and printing, such as gift box, gift bags, book printing, notebooks, folders, wine box,jewelry box, cosmetic box, watch box, shoe box,etc.Custom made base on your design is welcome, feel free to contact Liyang printing with your full details.
November 18, 2024
November 12, 2024
July 03, 2023
July 04, 2023
October 28, 2024
October 15, 2024
September 07, 2023
この仕入先にメール
November 18, 2024
November 12, 2024
July 03, 2023
July 04, 2023
October 28, 2024
October 15, 2024
September 07, 2023
お問い合わせ
Ms. Lily Yu
電話番号:86-769-81228313
Fax:86-769-85193253
携帯電話:+8613925768389
イーメール:admin@lyprinting.com
住所:Shuishang Village, Renzhou Administrative District, Shatian Town, Dongguan City, Guangdong Province, 523999, China., Dongguan, Guangdong
モバイルサイト
Privacy statement: Your privacy is very important to Us. Our company promises not to disclose your personal information to any external company with out your explicit permission.
Fill in more information so that we can get in touch with you faster
Privacy statement: Your privacy is very important to Us. Our company promises not to disclose your personal information to any external company with out your explicit permission.
