Given the 40% reduction in sales volume compared to 2020-Q1 sales, the company was able to act quickly on different fronts,managing to offset this effect and present a balanced ebitda in the second quarter ($ 137 million).
Accumulated ebitda decreased 20% compared to the previous year, due to lower sales volume on account of the COVID-19 effect. However, the ebitda margin remains stable at 7.1% vs 7.2% in 2019.
The net debt ratio ends the semester at 1.1 x ebitda, improving the result at the end of 2019 (1.3 x ebitda).
Revolutionizing the future of containers and packaging: Enka presents sustainable solutions to transform the industry at Colombiaplast 2024
Enka participates in the ColombiaPlast 2024 trade show with its portfolio of sustainable resins EKO®PET suitable for food contact approved by Invima, FDA and registered with the European Commission, and EKO®Polyolefins, completely closing the bottle cycle. The company has one of the largest bottle-to-bottle recycling plants in the world, where 6 million PET bottles are…
POSTOBÓN AND ENKA SIGN AGREEMENT FOR THE SUPPLY OF RECYCLED PET RESIN
In line with their sustainability and circularity strategies, Postobón and Enka signed a ten-year agreement for the supply of EKO®PET resin, made from recycled PET bottles, for the production of their new bottles. This alliance will strengthen the implementation of the circular economy in the country, closing the PET cycle, a 100% recyclable material that…