2004 - Another Good Year For Rexam Group

The Rexam Group had another good year in 2004. Sales increased by 4% to £3.1BN, despite the negative impact of the exchange rate and increases in the cost of raw materials. Beverage activity increased by 2% and represents 83% of turnover, whereas acquisitions (Latasa) represent 8.8%. Operating margin increased by 14% at £391M. However, this was subject to the repercussions of exchange rates and the German deposit system, representing £26M and £5M respectively. Pre-tax profit jumped by 26% to £300M. For 2005, Rolf Borjesson, the group chairman, stated he was confident there would be further growth in activity, both organic and external. For a full copy of this report please see: www.rexam.com/index.asp?PageID=581&Year=2005&NewsID=218