Viscofan, S.A. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
July 27, 2023 at 08:22 am EDT
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Viscofan, S.A. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was EUR 319.42 million compared to EUR 305.22 million a year ago. Net income was EUR 37.08 million compared to EUR 37.41 million a year ago.
For the six months, sales was EUR 628.8 million compared to EUR 568.16 million a year ago. Net income was EUR 62.88 million compared to EUR 64.89 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.