Oystar posts double-digit growth in 2011

STUTENSEE, Germany -- Global packaging machine manufacturer Oystar concluded its 2011 fiscal year with clear-cut revenue and profit growth, with Group turnover, adjusted by the sale of the process division, above plan at €404 million and 13% above that of the previous year. In 2012, the company is looking forward to continuing its organic growth.

"The strong rate of incoming orders and our results plainly show that we are on the right track with our clear focus on the packaging business," said Oystar CEO Tom Graf in announcing this fiscal year’s figures.

At the beginning of last year, the Group shed its process division in order to fully concentrate on packaging machines for the food, dairy, pharmaceutical and cosmetic sectors. Substantial growth was recorded in all four divisions in 2011. After a phase of restructuring in 2009 and 2010, the group is now on a clear path of growth.

This positive trend is also reflected in the number of orders obtained, where Oystar Group recorded a 9% increase between 2010 and 2011. In total, the Group's operating result increased by 10% year-on-year, while the EBITDA margin came in at just under 10% in 2011 (all figures revised for divestments). The 2011 fiscal year also saw a considerable reduction in debt.

Key markets of North America in the dairy and food sectors, as well as in the general pharmaceutical sector in India performed well. This has made it possible to acquire several large contracts from internatiAir Jordan Spizike 3.5 Shoes