Libbey - Solid Sales Growth For First 9M Of 2008

Libbey Inc. saw solid sales growth for the 3Q & first 9m of 2008, fueled by strong gains in international sales, the glass tableware leader announced 30 Oct/08. John F. Meier, chairman & CEO said, "While we are certainly not satisfied with our performance in the 3Q, we are proud of what we accomplished despite the state of the global economic markets. We remain convinced that these results are a strong indication of the health of our business & the strength of our brands". For the quarter ended 30 Sept/08, sales increased 4.5% to US$ 211.5M (US$ 202.4M). The increase included a 17.4% rise in International sales, as sales to Crisal & Royal Leerdam glassware customers rose 15.5% & 4.1%, respectively. Excluding the currency impact, International sales rose 10.4%. In addition, N American Glass sales were up 1.9%.

Author
Un-named
Origin
Unknown
Journal Title
Glassonline 6 November 2008
Sector
Domestic glass
Class
D 1129

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Libbey - Solid Sales Growth For First 9M Of 2008
Glassonline 6 November 2008
D 1129
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