Antalis, a European leader in the distribution of paper and packaging products, reported 2.1% increase of EBITDA amid 4.1% decrease of sales in 1H2017 y-o-y. According to the announcement, the company’s sales accounted for EUR 1,205.2 million, generating EBITDA of EUR 42.8 million in the period (3.6% margin).
Hervé Poncin, Antalis’ CEO, commented:
“Antalis recorded solid operational performances and improved its profitability over the first six months of the year, thanks notably to an enhanced gross margin rate in the Packaging and Visual Communication sectors and cost reductions. Based on the second-half outlook, we confirm our full-year profitability targets.”
In 1Q2017 Antalis increased EBITDA margin to 3.6%.
The company is a European leader in the distribution of paper and packaging products. It was created through the mergers of about 40 international distribution companies all over the world. It had EUR 2,625 million turnover in 2015. Currently, it is a wholly-owned subsidiary of Sequana.