Vidrala - 1H 2016 Results

Vidrala SA has released its 2016 first half year financial figures. Net sales amounted to EUR 392.8m/Euros, representing an increase of 1% over the previous year. On a constant currency basis, organic sales growth was 3.5%. EBITDA generated over the first half reached 85.56m/Euros. This represents an increase of 9.1% over the figure reported last year reflecting an organic growth on a constant currency basis, of 11.7%. Over sales, EBITDA reached a margin of 21.8%. Net profit during the first 6m amounted to 33.8M/Euros. As a result, earnings per share during the first half reached EUR 1.36 - an increase of 18.3% over the previous period. Net debt at June 30, 2016 stood at 369.9m/Euros.