Good year. Plast-Box financial and development plans,

Plast-Box, one of the most advanced plastic packaging manufacturer in Europe, earned 30.80 million PLN consolidated sales in the first quarter of this year. This result represents an increase of 9.3 percent. compared to the same period in 2012, which generated 1.37 million PLN net profit for the first months of operation this year.

“What's important, the increases in sales was accompanied by an increase in profitability. In the period from January to March 2013 gross profit margin increased to 5.6 of 4 percent recorded a year earlier and net profit margin reached 4.4 compared to 3.8 percent in the first quarter of 2012. The development of these achievements was possible thanks to our activities not only in Poland, but also on foreign markets – in 2012 foreign sales accounted for over 62 percent revenues. A large share of this profits was generated by our Ukrainian unit. As a result, growth in the Eastern markets helped to compensate for the high prices of polypropylene, which from January to March still remained at a level above 1300 euros per tonne” – commented Krzysztof Pen, president of Plast-Box SA. The company exports plastic packaging produced in factories in Słups, Poland and Chernihiv, Ukraine to 30 EU countries. Currently it is planning to increase export to Scandinavia. Despite the fact that its products are available on some markets in that region from last 15 years (i.e. in Denmark), last year the company reported profit growth of 45 percent. Results of the first quarter show that in 2013 this growth can be even greater. Currently, Plast-Box observed the biggest export on Scandinavian market in Sweden, which makes up to 50 percent of all sales in this region.