Psb Industries : 2019: revenues down, as expected
>2019 revenues down 3.5% (-4.6% LFL) to € 266.2m - PSB Industries reported yesterday evening Q4 revenues down 7.5% to € 62.3m (-8.4% LFL). Full-year revenues missed expectations (i.e. € 269m estimated, -2.6% estimated) at € 266.2m, down 3.5% YOY, of which a 3.5% organic decline LFL and a positive 1.1% forex effect (stronger US dollar and Mexican peso). Revenues were further hurt by the slowdown in the US make-up market and exposure to the automotive industry in Europ...PSB Industries is a holding company. Co. is engaged in technological industries and is organized into the following three operating segments (business units): Beauty Packaging (Texen), Custom Packaging (CGL Pack), and Specialty Chemicals (Baikowski). Beauty Packaging (Texen) specializes in plastic injection and finishing, chiefly for the cosmetics and perfume industry; Custom Packaging (CGL Pack) specializes in the design and manufacture of custom thermoformed packaging for consumer products; and Specialty Chemicals (Baikowski) specializes in the production of powders and liquids based on ultra-pure alumina.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.