Rising prices on raw materials affect Superfos earnings

Generally high pricing of raw materials and a receding market for consumer products have given Superfos a weak beginning in 2005. Healthy growth in specific segments has been neutralised by declining sales on large European markets such as Germany and the United Kingdom.

The turnover in the first quarter is at the level of 2004, but the earnings have been impacted by the increase in pricing of raw materials.

• Turnover constitutes 88.5 mEUR (2004: 88.9 mEUR)
• EBITDA constitutes 11.9 mEUR (2004: 15.6 mEUR) corresponding to a decline of 3.7 mEUR
• EBITA constitutes 4.6 mEUR (2004: 8.5 mEUR)

CEO Kim Andersen says: “Turnover in the European part of our business selling plastic packaging to the consumer and industrial segments is affected by little growth in the consumer business on large parts of the Western European markets, while we have experienced a satisfactory growth in the industrial business.