Sales Down at Edelmann

Source from:  Tobacco Reporter 05/31/2010

The Edelmann Group, a leading European folding carton manufacturer, reported turnover of €180 million ($122 million) in the fiscal year 2009, 3.7 percent below of that recorded in previous year. "The crisis year of 2009 did not pass by Edelmann without leaving its mark, even though our drop in sales turned out to be relatively modest," says Dierk Schröder, spokesman for the Edelmann executive board. As a result of the continuing economic uncertainty, the Edelmann Group also forecasts a fall in turnover to about €175 million for the current financial year. The pharmaceuticals sector accounts for the lion's share of Edelmann's business, but the company also supplies customers in the cigarette industry. Enditem