Aptar reports strong gains from cosmetics and fragrances
Posted By Stephanie Tripp on July 22, 2011
Group sales for the second quarter were up 18 percent to $614.9m, compared to $552.9m in the corresponding period last year – a figure that was positively impacted by currency exchange rates by approximately 10 percent.
For the full six months sales to June 30 sales rose from $1.03bn to £1.91bn, an increase of 15.5 percent.
Sales from the beauty and home care division, which account for approximately 10 percent of the group sales, rose by 17 percent, a figure that was again positively impacted by currency translation to the tune of 9 percent.
All divisions report top line growth
“Each segment reported strong top line growth and our consolidated sales before currency effects increased 8 percent,” said president and CEO Peter Pfeiffer, who also noted that the consumer health care and food and beverage categories had also performed well.
Although Pfeiffer noted that beauty and home care had recorded a significant segment revenue increase, he also underlined the fact that the division’s profit margins were negatively impacted by resin cost increases as well as higher professional fees.
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