Aluflexpack AG reports unaudited net sales growth of 6.5% in 2023

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

Reinach (Aargau), 15 February 2024

Aluflexpack AG (the “Group”), a leading manufacturer of premium circular flexible packaging and barrier solutions, reports today preliminary unaudited net sales of €380.3m for the financial year ending 31 December 2023 (2022: €357.0m). Despite a challenging environment characterised by softer demand as a result of inflationary pressure on consumers’ purchasing power and customers destocking, the Group achieved unaudited net sales growth of 6.5%, of which 4.2% organic. Excluding effects from hyperinflation accounting in Türkiye (IAS 29), net sales amounted to €380.6m. The Group expects EBITDA before SE for 2023 between €46-49m, slightly narrowing the previous range of €45-50m.

Read more in the Ad hoc release!