BORMIOLI - 1Q16 RESULTS
​Bormiolio Rocco, the private Italy-based glass packager, has released solid 1Q16 results with organic sales up +5% yoy to €113m and EBITDA up €3m to €18m. The glass-maker has gone a step further in refocusing on higher-margin and less competitive businesses, namely Pharmaceutical glass (54% of sales) and Tableware (46% of sales). In pharma, the group relied on the good demand for amber glass in Italy (65% market share), France & Spain (20% each), to post solid +7% volume growth.
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