PSB INDUSTRIES: post its caution

PSB Industries' nine-month turnover has not appealed to investors. The title of the chemist specializing in the packaging falls by 0.5% 19.85 euros. It must be recognized that the situation did not make a gift to the Haute-Savoie group. At the end of September, PSB Industries posted sales of 203.9 million euros, down 3.4% at constant exchange rates and prices. Sales of Texen (Luxury & Beauty) stood at 139 million, down 1.4% (-2.1% at constant exchange rates and first quarter). Europe, which accounts for 80% of Texen's business, has seen a 1.4% decline in the exchange rate and fixed income, affected by the unfavorable base effect of the 2018 project activity. Despite a high volatility in demand and the end of referrals impacting high turnover products, the sales activity of products is growing, driven by a strong momentum of trading activity Europe.

The turnover of Plastibell (Sant & Industrie) reached 65.5 million, down compared to the same period 2018 of 5.5% exchange rate and first class constant The group is affected by the slowdown in automotive activity especially in Europe, whose activity fell by 5.8% in constant exchange rates and prices, and the final referral of the Hygiene Reference in North America with a 4.9% decline in exchange rate and first class constants.

Given the evolution of Plastibell's business in the second half of the year, the group anticipates a withdrawal of its operating profitability over the current year compared to 2018. Last year, the group had incurred an operating result before acquisitions and equivalents (Ebita) of 11.7 million (4.2% of sales) and an EBIT of 11.1 million.