This was driven by an acceleration in top-line growth at cool operations, where sales increased 43.6% in the first nine months to €287.1m, and increased 62.5% in the third quarter.
Glass operations also demonstrated top-line sequential improvement over the course of the year, with sales increasing 12.5% in euro terms for the first nine months to €59.5m, and increasing 32.6% in the third quarter.
Sales at cool operations represented 83% of consolidated sales in the nine-month period, compared to 79% in the comparable prior year period.
At a consolidated level, operating profit (EBIT) increased 79.6% in the first nine months to €40.6m, reflecting the effect of positive operating leverage owing to a combination of improved top-line momentum and the rationalisation of the cost base. Net profit increased 192.0% in the first nine months to €19.0m.
Source: Frigoglass
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