Press releases

Arla Plasts AB´s (“Arla Plast”) Board of Directors has today appointed Christian Krichau as the new President and CEO of Arla Plast. Christian has been interim President and CEO since 1 November, prior to that Christian was Head of production within Arla Plast.

July – September 2021

· Sales volume declined by 15% to 4,862 tonnes (5,697).
· Net sales increased by 7% to SEK 222.0 (207.3) million. The organic increase was 10%.
· Operating profit increased by 13% to SEK 24.7 (21.8) million and adjusted operating profit by 5% to SEK 24.8 (23.6) million.
· The operating margin increased to 11.1% (10.5%) and adjusted operating margin to 11.2% (11.4%). 
· Profit for the period improved by 10% to SEK 19.2 (17.5) million.
· Earnings per share before dilution amounted to SEK 0.96 (0.87), and after dilution, to SEK 0.91 (0.85).
· Cash flow from operating activities decreased to SEK -23.8 million (28.2).
· After the reporting period: Christian Krichau (Production Manager) has been appointed interim CEO, Henrik Håkansson resigned as of 1 November.

January – September 2021

· Sales volume declined by 7% to 17,143 tonnes (18,404 tonnes).
· Net sales increased by 2% to SEK 687.2 (672.7) million. The organic increase was 3%.
· Operating profit declined by 3% to SEK 76.0 (78.6) million, while the adjusted operating profit increased by 2% to SEK 82.1 (80.4) million.
· The operating margin decreased to 11.1% (11.7%) and the adjusted operating margin was unchanged 11.9 % (11.9%). 
· Profit for the period declined by 1% to SEK 59.7 (60.2) million.
· Earnings per share, before dilution, amounted to SEK 2.98 (3.01) and after dilution to SEK 2.84 (2.99).
· Net debt amounted to SEK 63.1 (71.8) million at the end of the period, corresponding to 0.4 times (0.6 times) EBITDA.
· Cash flow from operating activities decreased to SEK 20.6 million (93.6).

The Board of Directors of Arla Plast AB (“Arla Plast”) have reached an agreement with the CEO, Henrik Håkansson, to leave his assignment within the company with immediate effect. The Board of Directors have decided to appoint Christian Krichau, current Production and Technical Manager, as deputy CEO. The recruitment process to find a new permanent CEO will commence immediately.

In the light of the ongoing corona pandemic and in order to reduce the risk of spreading the disease, the Extraordinary General Meeting of Arla Plast was held on 18 August 2021 by way of postal vote, without the possibility to attend in person, pursuant to temporary legislation.

The Extraordinary General Meeting resolved below. All resolutions were in accordance with the proposals presented, which are described in detail in the General Meeting documents available on the company´s website, www.arlaplastgroup.com.

DEMAND NORMALISED FOR PANDEMIC RELATED BARRIER PRODUCTS BUT STRONG FOR HOME AND GARDEN

The shareholders of Arla Plast AB, corporate registration number 556131-2611 (“Arla Plast” or the “Company”), are summoned to an Extraordinary General Meeting on Wednesday, August 18, 2021.

In light of the ongoing pandemic and to reduce the risk of spreading the virus and having regard to the authorities’ regulations and advice on restrictions of public gatherings, the Extraordinary General Meeting is carried out only through postal voting pursuant to temporary legislation. This means that the Meeting will be conducted without the physical presence of shareholders, representatives or external parties. Shareholders will only be able to exercise their voting rights at the Meeting by postal voting in advance in the manner described below.

Information on the resolutions passed at the Meeting will be published on August 18, 2021, as soon as the result of the postal voting has been confirmed.