Pact Group is Australasia's scale player in rigid plastic packaging, with a growing Asian footprint.
Competitive pressures, powerful customers, and an adverse macroeconomic environment saw narrow-moat Pact deliver a soft fiscal 2018 result. Operating income in the Australian segment of AUD 103 million was 19% below our expectations for AUD 128 million, with resin price volatility, a 40% jump in energy costs in the second half, and lost rigids volumes acting together to arrive at the weak result. EBIT margins in the segment were 8.1%, down from 8.9% a year earlier. The international segment, wit...Pact Group Holdings is provider of specialty packaging and manufacturing solutions in Australasia. Co. converts plastic resin and steel into rigid packaging and other products that service customers in different sectors including: food and beverage, personal care, household consumer, industrial and chemical, and materials handling and infrastructure. Co. also provides a range of services including outsourced manufacturing, filling and packing and a range of sustainability, recycling and environmental services to assist customers in reducing the environmental impact of their product packaging and related processes.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
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