Viscofan, S.A. Reports Earnings Results for the First Quarter Ended March 31, 2024
April 17, 2024 at 01:05 pm EDT
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Viscofan, S.A. reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported sales was EUR 289.82 million compared to EUR 309.38 million a year ago. Net income was EUR 31.59 million compared to EUR 25.8 million a year ago.
Viscofan SA is a Spain-based company engaged in the packaging industry, mainly for meat products. The Company focuses on the manufacture and distribution of artificial castings, as well as plastic films that are used for separation of sliced food. Its products range includes cellulose, collagen, fibrous and plastic castings. In addition, it designs and produces packing machinery, as well as provides related spare parts. The Company also sells electric power, which is produced by cogeneration systems. The Company operates manufacturing plants and sales offices in Spain, Serbia, Czech Republic, Germany, Brazil, Mexico, Uruguay, China and the United States, among others. It controls a number of subsidiaries, such as Nanopack, Technology and Packaging SL, Naturin Viscofan GmbH and Viscofan Centroamerica Comercial SA.