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Provider: Wright Reports
Provider: Reuters Investment Profile
Provider: Wright Reports

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IPS Innovative Packaging Solutions AG's Joint Venture with Resilux NV Enters into Strategic Partnership with Full-Service Filling Packaging Company; Issues FY 2013 H2 and FY 2014 Guidance

Friday, 27 Sep 2013 12:00pm EDT 

IPS Innovative Packaging Solutions AG announced that Airolux AG, a joint venture between IPSInnovative Packaging Solutions AG and Resilux NV announced on September 27, 2013 that it has entered into a strategic partnership with a full-service filling and packaging company, specialized in handling customer orders with high complexity. IPS Innovative Packaging Solutions AG also issued its fiscal year 2013 H2 guidance and fiscal year 2014 guidance by announcing that it expects the second half of fiscal year 2013 to show a moderate result improvement compared to the first half of fiscal year 2013. Even though accurate forecasting of revenues from customer projects remains difficult, especially in the current development phase of the Group, the Board of Directors and Group Management remain confident that the operational business of the Group will achieve break-even on a month by month basis within the next six months. Going forward the Board of Directors and Group Management expect further agreements with key customers to be signed which will enable the Group to show a positive result in fiscal year 2014. 

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