Sales reach $620m up 4% on Q2 2015, while Beauty + Home generates core sales growth
AptarGroup manufactures packaging solutions for the cosmetics industry
US dispensing solutions provider AptarGroup has released its Q2 2016 results, which showed sales of $620m, up 4% on the same period in the year before.
The company’s acquisition of Mega Airless was said to have contributed roughly $18m or 3% of the sales growth and approximately $0.02 per share to reported EPS.
I’m pleased that we achieved record earnings that were substantially driven by strong operating margins across each segment.
President and CEO Stephen Hagge
AptarGroup bought Mega Airless for €200m in January this year, funded by an existing credit facility; Mega Airless is a provider of airless dispensing systems for the beauty, personal care and pharmaceutical markets.
President and CEO Stephen Hagge said: “I’m pleased that we achieved record earnings that were substantially driven by strong operating margins across each segment.”
The Beauty + Home segment generated core sales growth of 7% mainly due to heightened demand in beauty.
Hagge added: “We continue to benefit from our diversified business model that serves eight different markets with a broad portfolio of dispensing and sealing solutions across many different geographies. This diversification consistently supports our overall growth even though we may face softness in one market or region.”