PSB INDUSTRIES (EPA:PSB) - Q1 2015 Revenues : + 19.7% Sustained Growth

Transparency directive : regulatory news

20/04/2015 08:41

PRESS RELEASE

Annecy, April 14, 2015

                  Q1 2015 Revenues: + 19.7% Sustained Growth

All figures in EURmillion      Q1 2015   Q1 2014    Var. %    Q1 2015   Var. %
                                                   3 months    CC/CP*   CC/CP*

Beauty Packaging                50.2      43.2     + 16.1%     45.0     + 4.1%
Custom Packaging                11.2      10.8      + 3.8%     11.2     + 3.8%
Specialty Chemicals             12.0      10.1     + 18.9%     11.4    + 12.9%
Health & Industry**              3.3        -         N/A        -        N/A
TOTAL                           76.7      64.1      +19.7%     67.5     + 5.4%

*  CC = Constant currency; CP = Constant perimeter 2014 (excluding C+N through
   September 23, 2014)
** Plastibell Group operations as of March 10, 2015

Consolidated revenues were EUR76.7 million in Q1 2015. The positive dynamic
observed in 2014 continued over into Q1 2015, with EUR67.5 million in revenues
like for like (+ 5.4% over 2014).

The four business units posted sustained growth:

- Beauty Packaging gained ground through a growth mix balanced between
established products and new product launches. All geographic areas grew at
constant currency and perimeter, largely fueled by Perfume, Skincare, and Makeup
(essentially mascara).

- Custom Packaging is benefiting from the annualized impact of initiatives
undertaken in 2013 and 2014. The robust level of activity in Q1 2015 (+ 3.8%)
was supported by Food segment, which was up 4.8% over 2014. The business unit
holds a leadership position in this market in France.

- Specialty Chemicals posted a particularly high level of sales, despite the
halt of sapphire activities for smartphones. This increase in activity stems
from the dynamism of the rare earth market, a temporary uptick in the LED
market, and the favorable phasing of lighting deliveries versus 2014 (which
should taper off in the coming quarters).

- Health & Industry, a new business unit currently composed of the Plastibell
Group, officially came into being on March 10, 2015, and has been in operation
for just 21 days. The unit posted growth in Q1 2015 of 18.1% over Plastibell
results for Q1 2014, driven mainly by sales of medical packaging and moulds.

Olivier Salaun, president and CEO of PSB INDUSTRIES said: "At the end of this
first quarter, I'm pleased to say that all indicators for our group are green. A
solid business performance, numerous innovative product launches, the successful
integration of C+N Packaging, and the acquisition of Plastibell have put us in
an outstanding position to achieve our goals, satisfy our customers, and pursue
our growth. With the implementation of a EUR100 million syndicated loan, we can
continue to pursue profitable development through an optimized mix of internal
and external growth."

                Next release: HY1 2015 revenues on July 17, 2015

     PSB INDUSTRIES is an innovation-driven industrial group with leadership
                 positions in packaging and specialty chemicals.
In 2014 the group reported consolidated revenues of EUR262 million, including
   more than 60% from international sales. The group has production plants in
              France, the United States, Poland, Japan, and Mexico.

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