Constantia Flexibles achieved record figures for its fiscal year 2013, which closed on 31 December, with sales up 29% on the previous year to EUR1.691bn.
In 2014, the focus lies on an increased market presence in the growth regions as well as the continued integration of the group, especially the further efficiency and earnings
improvement of the acquired companies, said Constantia.
Organic growth accounted for 4% of sales while companies acquired by Constantia Flexibles over 2013 contributed 25%.
CEO Thomas Unger said: ”The acquisitions in Mexico, the US and India last year are milestones in our strategy of globalisation. We could achieve
significant growth both in sales and in operative earnings. We will continue our path of sustained value increase by profitable growth.”
In the food segment, Western Europe was stable while Eastern European markets grew significantly as their consumer behaviour approached Western standards.
North America saw a boom in dairy products and the growing middle class in Asia and Latin America also spurred growth.
Acquisitions opened up growth potential in flexible packaging in the fast growing markets of India and Mexico.
Constantia’s pharma business grew in North America, the Middle East/Africa and Asia, with strong expansion in generics.
In labels, the acquisitions of Spear and Grafo Regia helped achieve a ‘global top position’, especially for pressure-sensitive labels.
Label sales grew 45%, largely due to the acquisitions, and earnings rose on an improved product mix, mainly thanks to in-mould labels.