IPS Innovative Packaging Solutions AG / Key word(s): Half Year Results

28.09.2012 06:30

Release of an ad hoc announcement pursuant to Art. 53 KR
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Press release

I.P.S. Innovative Packaging Solutions AG records loss in first half of 2012

Half-year result of EUR -2.95 million and earnings of EUR -2.72 million
reflect the higher operational cost arising from the positive production
development

Revenues from customer orders

Baar, 28 September 2012 - I.P.S. Innovative Packaging Solutions AG (IPS), a
leading supplier of mechanical and pressure-controlled dispensing packaging
technologies and systems for manufacturers and suppliers of cosmetics, body
care, pharmaceutical and food products, has ended the first six months of
the year recording a result of EUR -2.95 million (previous year: EUR -1.57)
and earnings of EUR -2.72 million (previous year: EUR -1.40 million). The
figures reflect the higher operational cost arising from the production
activities which commenced in 2012.

Revenues from customer orders

IPS's operational business is developing positively. In the first half of
2012, the company manufactured and shipped the first larger quantities of
Airopack dispensers to Super-Max, the world's second-largest producer of
shaving products. As a result IPS generated an income of TEUR 56 in the
first half of 2012 from existing customer orders.

Outlook

In line with the targeted growth strategy, the company will further expand
its production capacities in the second half of 2012. In addition, the
integration of the production of plastic parts, decorating and filling
processes should secure additional added value for the company. The Board
of Directors is confident that in the remaining part of 2012 further
agreements with customers can be signed, which will provide a solid base
for 2013 revenues. Due to the costs incurred during the current growth
phase, however, the company expects to record a loss on a consolidated
basis for the full year 2012, in line with the trend seen in the first half
of 2012.

 Key figures I.P.S. Innovative Packaging Solutions AG

                                                 30.06.2012   30.06.2011
Net Sales                              In TEUR           56           -3
Operating Income                       In TEUR          484          115
Operating Expense                      In TEUR        -2445        -1396
EBITDA                                 In TEUR        -1961        -1281
Depreciation of tangible fixed assets  In TEUR         -374          -21
Amortisation of intangible assets      In TEUR         -389          -95
EBIT                                   In TEUR        -2724        -1397
Financial result                       In TEUR         -224         -170
Income taxes                           In TEUR            -           -1
Net result                             In TEUR        -2948        -1568
Net result per share                   In EUR         -0.31        -0.17

Corporate calendar 2013:

27 March 2013 Publication of Financial Report 2012
27 September 2013 Half-year Report 2013

For more information:        
I.P.S. Innovative Packaging Solutions AG 
Frans van der Vorst, CFO       

Zugerstrasse 76b       
6340 Baar, Switzerland       
Tel.: +41 (0)41 766 35 00      
E-mail: frans.vandervorst@ips-grp.com
www.ips-grp.com

Media relations:
Siro Barino, Barino Consulting
Tel.: +41 (0)79 335 24 24

I.P.S. Innovative Packaging Solutions AG is a Swiss holding company. The
shares are listed on the Domestic Standard of the SIX Swiss Exchange
(ticker: IPS / ISIN: CH0002013826).

I.P.S. Innovative Packaging Solutions AG is a leading supplier of
mechanical and pressure-controlled dispensing packaging technologies and
systems for manufacturers and suppliers of cosmetics, body care,
pharmaceutical and food products. Its patented, innovative AiropackTM
technology offers clear environmental benefits compared to conventional
present-day options packaged in aluminium thanks to the use of a PET
packaging and natural air as a propellant instead of aerosols. Within the
context of a joint venture (Airolux AG) with Resilux NV (www.resilux.com),
the company operates a manufacturing facility in Bilten with an annual
capacity of around 40 million units. With the delivery of its first
products, IPS reached an important milestone in 2012 with respect to
commercial market entry. The company has been listed on the SIX Swiss
Exchange since 2010.

28.09.2012 News transmitted by EquityStory AG. 
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