Psb Industries : 2020 results hit by the crisis - refocusing on the luxury & beauty division
>2020 EBITDA of € 5.9m (vs € 8.8m est.) - PSB yesterday evening reported FY 2020 results in line with our forecasts. For sales of € 150.1m (excluding the healthy & industry division) down 25.7% (of which -24.7% l-f-l), EBITDA stood at € 5.9m, giving a margin of 3.9% with a decline of 630bp. After factoring in accounting amortisations (€ 11.3m), a goodwill depreciation of € 12.5m (due to the temporary slowdown in activity) and other charges, operating profit came to -€...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.
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