Aluflexpack Reports Q1-3 2024 Net Sales

• Net sales decreased by 4.4% to €277.0m in the first nine months of 2024 (Q1-3 2023: €289.6m), -5.2% organic
• Low-to-mid single digit percentage increase in volumes in the first nine months of 2024 was offset by a negative pricing impact from pass through mechanisms with customers as a result of lower costs for input materials
• Excluding effects from hyperinflation accounting in Türkiye (IAS 29), net sales amounted to €276.1m
• Management Board confirms outlook for FY 2024 of net sales excluding IAS 29 of €370-410m and EBITDA before SE of €51-56m; focus on deleveraging and generating free cash flow
• Closing of public takeover offer expected in Q1 2025

Johannes Steurer, CEO of the Group, says: “During the first nine months of 2024, we continued to strengthen our market position despite a market environment of moderate and uneven pace of demand recovery. The expansion in volumes we achieved underlines our strong position and the trust our customers have in us. With our recent expansion to the USA, integration of newly acquired Tunisian subsidiary and the development of our unique fully recyclable aluminium blister pack solution 4∞ Form, we are ensuring that we are well positioned to capitalize on the structural growth opportunities in the flexible packaging market. We are confident that our strategic initiatives, alongside our strong sales pipeline and ongoing innovations will enable us to thrive as market conditions improve and demand accelerates.”