Good news for Cabka N.V. as Q3 sales are up 8% compared to last year

From “NASDAQ GlobeNewswire”: 2024-10-21 01:30:00

Cabka N.V. reports an 8% sales increase to €42.4 million in Q3 2024, showing recovery despite market softness. Year-to-date sales reach €135 million, with RTP Portfolio in Europe and US growing by 16% and 12%, respectively. The ECO business sees a 6% growth, but Contract Manufacturing faces a 45% decline.

CEO Alexander Masharov looks forward to completing a strong Q4 and aims for growth in 2025. Cabka is on track to meet its full-year 2024 sales guidance of €180-185 million with an EBTDA margin of 13-15%. A Capital Markets Day is scheduled for November 25, 2024, to present updated growth plans.

Cabka leads in recycling plastics into reusable transport packaging, listed on Euronext Amsterdam. The company’s integrated approach involves recycling, manufacturing, and innovation to create sustainable logistics solutions. Despite forward-looking statements, readers are advised not to rely on them for future performance guarantees. Inside information is disclosed as required by market abuse regulations.



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