Quadpack 2023 Results: Strong Operating Performance Amid Market Softness

Quadpack Industries (Euronext Growth: ALQP), a leading provider of packaging solutions for the global beauty industry, reported a turnover of €129 million for the financial year ending 31 January 2024. Despite a 10% decline from the previous year, operating profitability improved significantly with an EBITDA of €16.2 million, up 20% from 2022.

The company experienced a net loss of €2.6 million, attributed to one-time asset restructuring, including the termination of a co-development project and the closure of an unprofitable plant in Spain. This resulted in a €4.5 million depreciation impact.

Quadpack's strategic efforts included a €5.0 million CAPEX investment and a €38 million financing deal with a bank syndicate, reducing the financial leverage ratio to 2.3x from 3.4x the previous year. The company's net debt decreased by €8 million to €37.8 million.

With a focus on long-term profitability, debt restructuring, and regional manufacturing expansion in the Americas, Quadpack is poised for growth and profitability in the years to come.