TURNHOUT – Miko NV, the coffee service and plastic packaging specialist listed on the NYSE Euronext Brussels, has announced that during the third quarter of 2013 its turnover was 12.8 % higher than during the same period last year. The combined turnover for the first nine months of 2013 increased by 6.7 % compared with the first nine months of 2012.
The growth in turnover is due, firstly, to increased sales in the plastic segment and, secondly, to the acquisitions in the coffee segment that marked the first half of the year (Kaffekompaniet in Sweden and ABC Mokka in Denmark).
In terms of results, there were encouraging increases in both these segments.
According to Mr Frans Van Tilborg, CEO and Managing Director of the Miko Group: “Within the coffee service sector, we have seen a slight drop in sales in most domestic markets, Germany being a positive exception.
Although the economic crisis is far from over, the situation has been helped by a number of acquisitions and by reductions in the price of raw materials.
In addition, the plastics division is still performing well, with impressive sales growth at each of our plants in Belgium, Poland and Germany. We are optimistic for the rest of 2013.”
Miko announces furthermore that it has purchased, between 4 and 16 October 2013, 1,100 treasury shares.
The following prices were paid:
- 100 shares at 60.26 euro per share (4 October 2013)
- 1,000 shares at 59.99 euro per share (16 October 2013)
These purchases were related to a share option scheme and were executed as over-the-counter transactions.
All the shares have since been sold again, so that the company does not own any treasury shares anymore.
About Miko
Miko has been active in coffee service for over 200 years and in plastic packaging for some 40 years now, and was floated on Euronext Brussels in 1998.
Miko follows a “two-pillar strategy” in which its core activities – coffee service and plastic packaging – are practically independent entities with their own management, so that each activity can follow its own growth path.
The group employs 700 people and achieved a turnover of EUR 138 million in 2012.
The coffee service division accounted for 50,92 % of this total. The remaining 49,08 % was achieved by the plastic packaging division.
Miko is an international group with companies in Belgium, France, UK, the Netherlands, Germany, Denmark, Sweden, Poland, the Czech Republic, Slovakia and Australia.
