March 22, 2018 / 5:57 AM / 7 months ago

BRIEF-Airopack Technology Group FY ‍Net Loss Of EUR 40 Mln​

March 22 (Reuters) - AIROPACK TECHNOLOGY GROUP AG:

* FY ‍EBITDA IMPROVED BY EUR 7.5 MILLION COMPARED TO 2016​

* FY NET SALES INCREASED BY 90% COMPARED TO PREVIOUS YEAR, TOTALLING EUR 21.5 MILLION

* FY ‍NET LOSS OF EUR 40 MILLION​

* AIROPACK TECHNOLOGY GROUP - ‍EXPECTATION TO REACH ANNUAL PRODUCTION AND SALES RUN RATE OF 100 MILLION AIROPACK DISPENSERS IN H2 2018

* AIROPACK TECHNOLOGY GROUP - ‍CONFIRM EARLIER EXPRESSED EXPECTATION TO REACH EBITDA BREAK-EVEN RUN RATE DURING SECOND HALF OF 2018​

* AIROPACK - ‍REMAIN CONFIDENT THAT MEDIUM-TERM GOAL OF RUN RATE VOLUME OF OVER 700 MILLION DISPENSERS ANNUALLY CAN BE ACHIEVED​ Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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