You might also be interested in:

Moritz Grossmann congratulates the New England Patriots with the SUPERBOWL watch

Glashütte (ots) - Loved by some, feared by others. There is no club where hearts and minds are as divided as ...

Germany Sees Red: Eon Becoming a New Energy Monopoly

Hamburg (ots) - - Crossreference: Picture is available at http://www.presseportal.de/bilder - Analysis ...

Sono Motors Announces Bosch as Partner for Car Connectivity

Munich (ots) - Sion features integrated car, ride, and power sharing and will be able to charge itself thanks to ...

04.09.2018 – 14:59

IFCO Systems

IFCO Announces Strong Growth in FY 2018: Achieves Revenues of More Than USD 1 Billion for the First Time

Pullach, Germany (ots)

   Global growth of 8%, profit increase and planned separation from 
   Brambles group positions market leader for a dynamic future as an 
   independent company 

IFCO, the leading global provider of Reusable Packaging Solutions for fresh foods, announced its financial results for the 2018 financial year, highlighting strong growth of 8% and achieving revenues of more than USD 1 billion for the first time. In addition, Brambles also announced the separation of IFCO via a demerger or sale. Brambles has owned IFCO since 2011 and has made substantial investments, growing the business to the scale, market share and competitive position it holds today. IFCO is now well positioned for its future as an independent company with a singular focus.

IFCO FY18 financial results: highlights

IFCO achieved global sales growth of 8% at constant currency in its 2018 financial year, taking its revenues for the first time to US$ 1,101 million.

IFCO is experiencing ongoing volume momentum, with all regions contributing to the growth of the company. This is driven by organic growth with current customers; the development and implementation of specialized products for new verticals (meat, bread, fish, eggs); the takeover of proprietary retail pools; and the ongoing geographic expansion in China, Latin America and Eastern Europe. Europe remains IFCO's largest market with revenues of US$790 million and a growth rate at constant currency of 9% compared to the prior year. IFCO North America achieved revenues of US$289 million and a 2% constant currency growth rate, while the rest of the world (IFCO Latin America and IFCO Asia) achieved revenues of US$83 million and grew by 12% at constant currency.

You can find the complete announcement at: ftp://presse.hbi.de/pub/IFCO/FY18/IFCO_FY2018_EN.pdf

Contact:

HBI PR
Corinna Voss
Tel: +49 (0)8999388730
ifco@hbi.de

Original content of: IFCO Systems, transmitted by news aktuell

All Releases
Subscribe to IFCO Systems
  • Printable version
  • PDF version

Places in this release

Topics in this relase