PSB Industries Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2012; Provides Earnings Guidance for the Fourth Quarter and Full Year of 2012
For nine months, the company reported consolidated revenues were stable at EUR 186.4 million, up 0.3% or down 1.0% on a constant currency basis.
For the fourth quarter of 2012, the company expects sales should continue to increase slightly, driven by new product releases in the beauty packaging business.
For 2012, the company expects operating profit should be close to that of first half of 2012, due especially to the ongoing efforts to optimise manufacturing operations. This outlook is in line with the Group's revised forecasts following the weaker sales growth in custom packaging and the delays in the lighting market and innovation projects.