Aluflexpack 4Q 19 - FY 19 prelim. sales and FY 20 revenues guidance meet RCBe
Aluflexpack released a trading statement this morning with FY 19 revenues of EUR 208 mn (+14% yoy, of which 8% organic) and the FY 20 outlook of an increase to EUR 220-230 mn fully living up to our and consensus estimates. The company also reiterated the FY 19 adj. EBITDA margin of roughly 14%. Against this backdrop we envisage a neutral share price reaction.
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