AGM season in full swing: Pact Group
At Pact Group's AGM, it was advised that trading conditions remain subdued and lower demand is anticipated from seasonal industries, in particular agriculture in Australia and New Zealand and global dairy markets. The company maintained previous earnings guidance for FY-16 - to achieve higher revenue and underlying earnings in FY-16 than that reported in FY-15 (subject to global economic conditions).
Operationally, the company is now more diversified, with recent acquisitions in the wheelie bin and FMCG sectors, and a new production plant in Indonesia. Packaging innovation, and utilisation of state of the art technology remains a focus for the company.