When was Aluflexpack founded?
Aluflexpack was founded in a garage in Zadar (Croatia) in 1982. After operating under the name of Folijaplast, the company was renamed Aluflexpack in 2001, to reflect its focus on flexible aluminium packaging. For more information, click here.
How many people does Aluflexpack employ?
As of 30 June 2023, Aluflexpack employed 1,584 employees in Austria, Croatia, France, Poland, Switzerland and Türkiye.
Which products does Aluflexpack make?
Aluflexpack produces four main product types: films & foils, lids, containers and pouches. Its focus is on aluminium solutions, but it also selectively manufactures complex plastic and paper-based products.
In which end markets is Aluflexpack active?
As of 30 June 2023, Aluflexpack’s sales were divided among the following end markets, typically characterised by stable demand (the share of net sales is shown in brackets):
- Dairy (21%)
- Coffee and Tea (20%)
- Pet food (17%)
- Other food (17%)
- Pharmaceuticals (13%)
- Confectionery (10%)
- Other non-food (2%)
Where does Aluflexpack sell its products?
Aluflexpack sells its products to over 70 countries in Africa, Asia, Europe and North and South America.
How many customers does Aluflexpack have?
Aluflexpack has over 700 customers across the world, ranging from leading multinational brands to small regional companies.
How many factories does Aluflexpack have?
Aluflexpack operates nine production facilities in five countries: Croatia (four factories), France (one), Poland (one), Switzerland (one) and Türkiye (two).
What does “3-WIN” stand for?
“3-WIN” is the name of Aluflexpack’s corporate strategy, which sets out targets for people, the planet and the profitability up to 2025. For further information, see slides 19–23 of Aluflexpack’s 2022 half-yearly results presentation.
What is Aluflexpack’s approach to mergers and acquisitions?
Aluflexpack’s targeted approach to mergers and acquisitions over the past few years has formed a key part of the company’s accelerated growth, with all acquisitions undertaken to date having expanded technological expertise, facilitated cross-selling opportunities and supply chain synergies and increased supply options for customers.
Overview of Aluflexpack’s acquisitions:
Aluflexpack intends to continue along its consolidation path in tandem with like-minded partners.
Where are Aluflexpack’s shares listed?
Aluflexpack’s shares have been listed on the SIX Swiss Stock Exchange since June 2019.
What is Aluflexpack’s ticker symbol and ISIN number?
Aluflexpack’s ticker symbol is “AFP” and the ISIN is CH0453226893.
How many outstanding shares are registered in Aluflexpack’s share register?
In total, there are 17,300,000 shares outstanding, all of which bearer shares.
Do members of Aluflexpack’s Management Board or Board of Directors hold shares in Aluflexpack?
Yes. As of 30 June 2023, members of Aluflexpack’s Management Board held 0.4% of the total number of shares outstanding, while members of the Board of Directors held 3.1% of the total number of shares outstanding.
What is Aluflexpack’s dividend policy?
So far, all of the cash generated by Aluflexpack has been put towards the Group’s growth projects, which is believed to create the most value for shareholders.
Who is Aluflexpack biggest shareholder?
Aluflexpack’s biggest shareholder is industrial holding company Montana Tech Components, which owns 53.6% of the total shares outstanding. Up-to-date information on Aluflexpack’s shareholder structure can be found here.
Does Aluflexpack impose trading restrictions on its employees?
Aluflexpack requires all employees and corporate representatives to abide by its blackout period policy, during which they are prohibited from trading company stocks. The first (regular) blackout period commences on 31 December of each year and ends with the publication of Aluflexpack’s annual report on the company’s website.
The second (regular) blackout period commences on 30 June of each year and ends with the publication of the half-yearly report. For further information on trading restrictions, see pages 84–85 of the 2022 annual report.
What is Aluflexpack’s financial year?
Aluflexpack’s financial year is the calendar year, i.e. 1 January to 31 December.
When does Aluflexpack publish its financial results?
The publication of financial results varies from year to year. Further information on upcoming publications can be found here.
What is Aluflexpack’s outlook for the 2023 financial year?
Aluflexpack anticipates net sales excluding effects from IAS 29 (hyperinflationary accounting) in the range of €360-390m and EBITDA before SE in the range of €45-50m for the 2023 financial year.
Does Aluflexpack have any mid- or long-term financial targets?
As part of its “3-WIN 2025” strategy, Aluflexpack expects organic net sales of €450–500m and an EBITDA margin before special effects of 14–16% by 2025.
Where can I find key financial information about Aluflexpack?
Key financial information and figures are available here.
Which brokers have research coverage of Aluflexpack?
Berenberg, Jefferies, Zürcher Kantonalbank and Stifel. Further information on analysts and their recommendation can be found here. Aluflexpack is not responsible for the correctness of analyses and cannot be held liable for the financial outcome of investment decisions based thereon.
What is Aluflexpack’s current financial position?
As of 30 June 2023, Aluflexpack’s net debt-to-EBITDA ratio was 2.9x.
How does Aluflexpack determine the success of its capital use?
When assessing its organic and non-organic growth projects, Aluflexpack looks at the return on capital employed (ROCE) as a measure of effectiveness.
Who are the members of the Board of Directors?
At the 2022 Annual General Meeting, all members of Aluflexpack’s Board of Directors were re-elected. As of 30 June 2023, the Board of Directors consisted of the following members (further information can be found here.):
• Martin Ohneberg (President of the Board of Directors and member of the Nomination and Remuneration and Audit and Compliance Committees)
• Bernd Winter (Chair of the Audit and Compliance Committee and member of the Nomination and Remuneration Committee)
• Christian Hosp (Chair of the Nomination and Remuneration Committee)
• Markus Vischer (member of the Audit and Compliance Committee)
• Alois Bühler
Who are the members of the Management Board?
The Management Board consists of Johannes Steurer (CEO) and Lukas Kothbauer (CFO). Further information can be found here.
Does Aluflexpack have any share-based incentive schemes for members of the Management Board and Board of Directors?
Long-term incentives (cash and shares) are in place for members of the Management Board (see also pages 87–115 of the 2022 annual report), but there is no incentive scheme for members of the Board of Directors. In addition, other management members and some key employees of Aluflexpack are eligible to participate in a long-term phantom stock option plan.
Which auditing firm audits Aluflexpack’s annual financial statements?
The 2022 Annual General Meeting re-elected KPMG as the auditor for the 2022 financial year.
Where can I find Aluflexpack’s Articles of Association?
The Articles of Association can be found here.
Where can I see the voting results from the last Annual General Meeting?
The voting results from the last Annual General Meeting can be viewed here.
What action has Aluflexpack taken with regard to sustainability?
Sustainability is a key element of Aluflexpack’s strategy. Further information on how Aluflexpack incorporates aspects of sustainability into corporate life can be found here.
Does Aluflexpack have a code of ethics for its employees?
Yes. To view Aluflexpack’s code of ethics, click here.
What is Aluflexpack’s stance on equal opportunities in the workplace?
Aluflexpack has in place a non-discrimination policy in the workplace to ensure equal opportunities for all employees. For further information on Aluflexpack’s non-discrimination policy, click here. If you are interested in joining Aluflexpack, click here.
How recyclable are Aluflexpack’s products?
As of 31 December 2022, recycle-ready solutions made up the majority of Aluflexpack’s portfolio, with nearly 100% of its new product developments being recyclable. For more information on recyclability, read Aluflexpack’s 2022 sustainability report.
What is the advantage of aluminium-based packaging solutions?
Aluminium has the following advantages:
- Aluminium can be indefinitely recycled without losing its qualities
- Aluminium is durable, lightweight and thermo-efficient and has excellent barrier properties
- 75% of all aluminium that has ever been produced is still in use today
- Europe’s aluminium recycling infrastructure is already well developed, with 60% of aluminium packaging already recycled
- The aluminium recycling process uses 95% less energy than that for plastic