Containers & packaging company EPL announced Q2FY23 results:
- Revenue growth of 10.6% at constant currency broad-based across all regions despite continued impact of Covid lockdowns in EAP
- EBITDA margin at 16.3%, a sequential improvement of 119 bps and sequential EBITDA growth of 22.9% on the back of strong pricing actions, despite continued raw material inflation, currency devaluation and other cost increases
- Revenue growth led by ‘Personal Care & Beyond’ growing at 17.7% with revenue composition at 48% of the total (YoY increase of 243 bps)
- Two more variants of Platina (sustainable solution) approved by the Association of Plastics Recyclers (APR)
- Brazil project is on track for first commercial delivery by end of FY23