Swedish group PLM has announced its results for the six months ended 30 June and has reported that the demand for beverage containers in Europe was mixed. The “bevcan”, glass containers and returnable…
Swedish group PLM has announced its results for the six months ended 30 June and has reported that the demand for beverage containers in Europe was mixed. The “bevcan”, glass containers and returnable PET bottle group saw sales dip from SKr 4.3 billion to SKr 4.28 billion, and operating profit fall from SKr 286 million to SKr 278 million. However, PLM says that after currency adjustments, sales rose by 8% and profit after financial items rose from SKr 219 million to SKr 229 million. “The bad pre-summer weather in Western Europe has resulted in weaker market development than expected, especially in the soft drinks segment.” a spokesman said. Glass sales fell from SKr 1.6 billion to SKr 1.5 billion, although after currency adjustments turnover rose 1%. Operating profit fell from SKr 147 million to SKr 109 million partly because of the furnace rebuilding programme, and weaker demand in continental Europe.