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    Rexam delivers good performance in difficult conditions

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    • Ball Corporation
    Rexam delivers good performance in difficult conditions
    North America, Central America, Eating, Drinking, Beverages - Non-Alcoholic, Beverages - Alcoholic, Primary Packaging, Beverage Cans

    Rexam, a leading global beverage can maker, announces its unaudited results for the full year 2014. Rexam is a leading global beverage can maker, business partners to some of the world's most famous and successful consumer brands. The company's vision is to be the best beverage can maker in the world.

    Rexam has 55 can making plants in more than 20 countries and employs around 8,000 people. In 2014, sales were £3.8 billion.

      2014 2013 Reported
    change    		 Organic
    change5
    Continuing operations underlying performance1    
    Sales (£m)3 3,832 3,943 3% 4%
    Underlying operating profit (£m)1 418 449 7% 2%
    Underlying profit before tax (£m)1 360 372 3%  
    Underlying earnings per share (pence)1 37.2 35.3 5%  
    Total dividend per share (pence) 17.7p 17.4 2%  

    Commenting, Graham Chipchase, Rexam's chief executive, said:

    "In a difficult year, we delivered a good performance.  It has been a great team effort in the face of unprecedented rises in metal premiums, the impact of foreign currency translation and some pricing pressure. The annual dividend is up by 2% to 17.7p and we returned £450m to shareholders during 2014 following the sale of our Healthcare business.

    Significant steps have been taken to strengthen our strategic position to better serve our customers and we are now a 100% focused beverage can maker.  The acquisition of a majority stake in UAC and our investment in Panama position us well in higher growth geographies. 

    We expect 2015 to present a tough trading environment with headwinds from metal premium, foreign exchange volatility and pricing pressure. However, we are taking steps to address these through further improvements in productivity to make sure we are delivering cost leadership and continuing to invest in growth capacity to enhance our strong market positions."

    Statutory results2

      2014 2013
    Sales (£m)3 3,832 3,943
    Profit before tax (£m)3 343 339
    Total profit for the year (£m)4 357 95
    Total basic earnings per share (pence)4 48.4

     
    1. Underlying business performance from continuing operations (excluding Healthcare) before exceptional items, the amortisation of certain acquired intangible assets and fair value changes on certain operating and financing derivatives.
    2. Statutory results include exceptional items, the amortisation of certain acquired intangible assets and fair value changes on certain operating and financing derivatives.
    3. Continuing operations.
    4. Includes discontinued operations.
    5. Organic change is year on year change arising on continuing operations at constant foreign exchange rates.

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    • Company News
    • English
    • Modified 01 Sep 2015
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