Airopack Technology Group AG / Key word(s): Half Year Results
26.09.2014 07:00

Release of an ad hoc announcement pursuant to Art. 53 KR

---

Airopack Technology Group AG - HALF-YEAR REPORT 2014
Baar, September 26, 2014 - half-year report 2014

- 6.7 million pieces of Airopack shipped to customers in the first half     of 2014

- Net sales 10 times higher than in the first half of 2013 at     consolidated level

- While the half-year income statement shows a net loss of EUR 3.0 million, the Group is confident that its operational business will show a significant result improvement in the second half of 2014 and will be     profitable going forward.


In the first half of 2014, Airopack Technology Group's joint venture company Airolux shipped 6.7 million pieces of Airopack to its customers. This is roughly 10 times the volume shipped in the first half of 2013, and 5 times the annual volume shipped in 2013. The main volumes were purchased by the globally leading personal care company Procter & Gamble and the US-based company Method Products. Smaller volumes were delivered to various customers including Elizabeth Arden (Ceramide), Nordictan and Remark Groep (for its brands Amando, Therme, Vogue and De Vergulde Hand).
At the joint venture level net sales amounted to EUR 6.4 million. At the consolidated level this translated into net sales of EUR 3.4 million, which is 10 times the net sales of the first half of 2013. The consolidated 2014 half-year income statement shows a net loss of EUR 3.0 million, an improvement of EUR 0.4 million compared to the first 6 months of 2013. At the joint venture level EBITDA-break-even was achieved for the month of June 2014.

Outlook
Based on the current volume forecasts of the existing customers and the firm expectation that additional customer projects will start in the next months, the Board of Directors and Group Management are confident that at the joint venture level break-even can be achieved in the second half of 2014.
At the consolidated level, Group Management expects the second half of 2014 to show a significant result improvement compared to the first half-year. The extent of the improvement will depend on the sales mix in the remaining months of the calendar year. In any case, Group Management is confident that the operational business of the Group will be profitable going forward.

The 2014 half-year report is available for download on the website www.airopackgroup.com
under the link - investor relations - reports:
(http://www.airopackgroup.com/en/investor-relations/reports/).
For more information: 
Airopack Technology Group AG 
Frans van der Vorst, CFO 
Zugerstrasse 76b 
CH-6340 Baar 
TF: +41 (0)41 766 35 00 
E-Mail: frans.vandervorst@airopackgroup.com 
www.airopackgroup.com



Airopack Technology Group AG is a leading developer and supplier of mechanical and pressure-controlled dispensing packaging technologies and systems for manufacturers and suppliers of cosmetics, body care, pharmaceutical and food products. The revolutionary and worldwide patented Airopack(R) technology offers a safe, all-plastic pressurized dispenser that is environmentally friendly: no inhalation risks, no dirty propellants and no unnecessary waste. Unlike other pressurized dispensers that use dirty propellants Airopack(R) uses just normal compressed air which results in dispensing a formulation at constant pressure from start to finish.

Airopack Group does not only offer this patented technology but also has a Full-service offering. With this Full-service offering Airopack Group provides a turnkey solution to quickly and easily launch customer products in Airopack(R). Via the unique Full-service offering Airopack Group can mould, assemble, sleeve or label, fill and pack Airopack(R) to customer's specifications. In addition Airopack Group has a highly experienced laboratory for formulation development and bulk production to ensure the best quality and control.


Within the context of a joint venture (Airolux AG) with Resilux (www.resilux.com) the Group operates a manufacturing facility in Glarus Nord, Switzerland, a Full-service operation facility in Heist-op-den-Berg, Belgium, a global R&D and Customer Service facility in Waalwijk, the Netherlands and a sales office in Pendergrass, Georgia, United States of America. With the delivery of its first products, Airopack Technology Group reached an important milestone in 2012 with respect to commercial market entry. The shares of the company are listed on the Domestic Standard of the SIX Swiss Exchange since 2010. (Ticker: AIRN / ISIN: CH0242606942).


Airopack Technology Group AG
Frans van der Vorst, CFO
Zugerstrasse 76B
6340 Baar
Switzerland
T +41 (0)41 766 35 00
E frans.vandervorst@airopackgroup.com

www.airopackgroup.com


26.09.2014 News transmitted by EQS Schweiz AG. 
The issuer is responsible for the contents of the release.
EQS publishes regulatory releases, media releases on the capital market and press releases.
The EquityStory Group distributes authentic and real-time financial news for over 1'300 listed companies. 
The Swiss news archive can be found at www.equitystory.ch/news

---

 
Language:               English
Company: Airopack Technology Group AG                         Zugerstrasse 76b  
                        6340 Baar
                        Switzerland
Phone:                  +41 417663500
Fax:                    +41 417663509
E-mail: frans.vandervorst@airopackgroup.com Internet:               www.airopackgroup.com
ISIN:                   CH0242606942
Valor:                  
Listed: Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover, München, Stuttgart; Frankfurt in Open                         Market ; SIX
 
End of Announcement EQS Group News-Service  

---