In the first nine months of 2012 glass container demand was largely in line with the levels of the preceding year, particularly in the Beverage and Food segments for export and in the Perfumery and Cosmetics segment, which was boosted by developments in the fashion industry. The Zignago Vetro Group results in the first nine months of the 2012 were curtailed by rising energy cost, which significantly increased and was only partially recovered by sales price increases. In addition, the third quarter results were impacted by some not recurrent and unforeseeable technical issues affecting some production plants. Consolidated Revenues in the first nine months of 2012 amounted to Euro 224.4M compared to Euro 217.7M in the same period of the previous year (+3.1%). Export sales in the first nine months reached Euro 83.6M (Euro 73.9M in the first nine months of 2011: +13%). Consolidated Ebitda in the first nine months of 2012 amounted to Euro 52.5M, a reduction of 6.3% compared to the same period in the previous year (Euro 56M). The Ebitda margin was 23.4% (25.7% in 2011). The consolidated Ebit in the first nine months totalled Euro 33.5M (-11.5% compared to Euro 37.8M in 2011), with a margin of 14.9% (17.4% in 9M 2011). Consolidated operating profit was Euro 34M, decreasing 14.4% on the previous year (Euro 39.8M) – a margin of 15.2% (18.3% in 2011). Consolidated profit before taxes amounted to Euro 32.6M in the first nine months of 2012 compared to Euro 38.3M in the same period of 2011 (-14.9%), with a margin of 14.5% (17.6% in 9M 2011).
