Refresco Reports Solid Q2 2016 Results

Refresco Group N.V. publishes second quarter and half year 2016 results.

Q2 2016 highlights:

• Group volume of 1,703.3 million liters (Q2 2015: 1,672.2 million liters), an increase of 1.9 %.
• Co-Packing volume increased 18.8 % and comprised 25.2 % of total volume (Q2 2015: 21.6 %). Private Label volume decreased 2.8 %.
• Gross profit margin per liter was 14.0 euro cents (Q2 2015: 14.2 euro cents).
• Adjusted EBITDA increased to €68.3 million (Q2 2015: €67.6 million).
• Adjusted net profit amounted to €30.3 million (Q2 2015: €29.0 million).
• Adjusted EPS increased to 37.3 euro cents (Q2 2015: 35.7 euro cents).
• Announced acquisition of US-based bottler Whitlock Packaging on 26 July.

For further information please visit www.refresco-gerber.com