Aluflexpack AG reports its Q1 2024 net sales

Ad hoc announcement pursuant to Article 53 of Listing Rules of SIX Swiss Exchange



Reinach (Aargau), 3 May 2024


  • Net sales decreased by 8.3% to €90.6m in the first three months of 2024 (Q1 2023: €98.8m); volume increase in low single digit percentage range, which was more than offset by negative pricing effect from pass-through mechanisms in relation to input costs
  • Excluding effects from hyperinflation accounting in Türkiye (IAS 29), net sales amounted to €91.4m[1]
  • Management Board confirms outlook for FY 2024 of net sales excluding IAS 29 of €370-410m and EBITDA before SE of €51-56m;[2] focus on deleveraging and free cash flow generation

Johannes Steurer, CEO of the Group, says: “As we navigate through a period of subdued consumption of end consumers and stock decreases of customers, we continue with the execution of our strategy and forging new partnerships. The expansion in volume in the current environment underscores our strong position on the market and trust put in us by our customers. Looking ahead, with a well-invested platform in place and promising business opportunities in Europe and new geographies such as the USA, North Africa and elsewhere, we look to the future with optimism.”


Read the full Ad hoc announcement.



[1] As of 30 June 2022, Aluflexpack is required to apply IAS 29 “Financial Reporting in Hyperinflationary Economies” to its operations in Türkiye. The application of IAS 29 includes the adoption of IAS 21 “Effects of Change in Foreign Exchange Rates”.

[2] EBITDA before special effects (SE) refers to operating profit before interest, taxes, depreciation and amortisation adjusted for costs and gains considered by management to be non-recurring and/or non-operational.