Vetropack expects higher annual profit in 2011

Vetropack has seen a positive trend reversal in profits for the second half of the reporting year, and is revising its expectations.

The Vetropack Group has announced that it is revising its expectations for its consolidated annual profit upwards, with a considerable increase in profit expected for the 2011 financial year.
The anticipated exchange losses due to the effect of currency fluctuations on liquid funds and internal loans have had less of a negative impact than originally forecasted.
This positive trend reversal emerged in the second half of the reporting year.
The consolidated annual profit in 2010 amounted to CHF 38.7 million.
The Vetropack Group employs a staff of 3,000, has seven different production sites, with a total of 16 melting furnaces and an aggregate production capacity of more than 4,000 tonnes/day. All production facilities are ISO 9001:2000 certified.