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Avery’s PS sales rise 16 percent in Q2



Published August 16, 2010
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Sales of Avery Dennison’s pressure sensitive materials rose 16 percent in the second quarter of 2010, to $923.9 million, compared with the same period last year, reflecting higher sales on an organic basis and the favorable impact of foreign currency translation (approximately $11 million), according to the company’s quarterly filing with the US Securities & Exchange Commission. Avery Dennison trades under symbol AVY on the New York Stock Exchange.

“On an organic basis, sales grew 15 percent, resulting from higher volume driven by increased demand,” and reflecting growth in the company’s geographical regions, it reports.

Company-wide, sales increased 15 percent in the second quarter, to $1.68 billion, due largely to higher sales on an organic basis and the favorable impact of foreign currency translation of approximately $16 million. “On an organic basis, sales grew 14 percent in the second quarter of 2010, reflecting higher volume driven by increased demand across all major regions, with particular strength in emerging markets and the Retail Information Services segment. Volume growth was partially offset by the impact of changes in pricing.”

Published figures for the first six months of 2010 for Avery Dennison’s Pressure Sensitive Materials segment show that sales rose 14 percent, to $1.9 billion, compared with the same period in 2009. The increase reflects the favorable impact of foreign currency translation (approximately $59 million), partially offset by the impact of the extra week in the first quarter of 2009. On an organic basis, sales grew 11 percent, reflecting higher volume driven by increased demand, partially offset by the impact of changes in pricing.

For the company as a whole, sales increased 12 percent in the first six months of 2010, to $3.234 billion. On an organic basis, sales grew 11 percent, reflecting higher volume driven by increased demand across all major regions, with particular strength in emerging markets and the Retail Information Services segment, the company reports. Volume growth was partially offset by the impact of changes in pricing.





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