BERRY GLOBAL
Fiscal 2020 delivers record financial results that beat company's expectations / Health, Hygiene & Specialties segment was outperformer
Berry CEO Thomas Salmon (Photo: Berry Global)
Berry Global’s (Evansville, Indiana / USA; www.berryglobal.com) fourth-quarter to September revenues were flat year-on-year at USD 3 bn (EUR 2.52 bn) despite a 4% organic volume growth, which was offset by lower selling prices. For the full year, however, sales soared 32%, operating income jumped 21%, while operating EBITDA added 41%, thanks partly to the contribution of RPC (Rushden / UK; www.rpc-promens.com), which it integrated in July 2019 (see Plasteurope.com of 03.07.2019).

The health, hygiene and specialities segment was the star performer, with fourth-quarter sales up 6% at USD 604m and operating EBITDA improving 37% at USD 118m. The engineered materials segment was the weakest. Sales dropped 7% to USD 587m although operating EBITDA added 5% at USD 106m. Consumer packaging sales were either flat – at “North America” – or down 1% – at “International” – due to the pass-through of lower resin costs.

The company forecasts 2021 organic volume growth at 2% and operating EBITDA to be at USD 2.15-2.2 bn compared with USD 2.157 bn in 2020.
30.11.2020 Plasteurope.com [246439-0]
Published on 30.11.2020
Berry Global: Verpackungskonzern meldet RekordergebnisGerman version of this article...

© 2001-2021 Plasteurope.com  |  Imprint  |  Privacy  |  Cookie settings

Plasteurope.com is a business information platform for the European plastics industry. It is part of KI Kunststoff Information and PIE Plastics Information Europe, one of the leading content providers for the European plastics industry. We offer daily updated business news and reports, in-depth market analysis, polymer prices and other services for the international plastics industry, including a suppliers guide, career opportunities, a trade name directory and videos.

News | Polymer Prices | Material Databases | Plastics Exchange | Suppliers Guide | Jobs | Trade Names | Videos | Associations & Institutions | Register | Advertising

PIE – Plastics Information Europe | KI – Kunststoff Information | KunststoffWeb | Plastics Material Exchange | Polyglobe | K-Profi
© 2001-2021 by Plasteurope.com, Bad Homburg
Date of print: 27.09.2021 22:01:30   (Ref: 219715708)
Text and images are subject to copyright and other laws for protection of intellectual property.
Any duplication or distribution in any media as a whole or in parts requires prior written approval by Plasteurope. URL: http://www.plasteurope.com/news/detail.asp