Iflex Flexible, a company specialized in flexible packaging solutions, has presented the results corresponding to the first half of the year in which the company achieved sales of 7.75 million euros, which represents an increase of 4.8% compared to the same period of the previous year, driven by the good evolution of its business in the food and pharmacy-cosmetics sectors, which concentrate more than 85% of its turnover. He Ebitda For its part, it was located in 0.70 millionaffected by the increase in personnel expenses (+22,9%) y other operating costs (+25.4%) derived from structural reinforcement and expenses linked to the recent capital increase. Adjusting for these extraordinary items, adjusted EBITDA was 0.92 million, a moderate decrease of 9.2%. He Gross margin stood at 3.81 million euros, with an improvement of 8.8% and a sales ratio that rises from 47.3% to 49.1%.
The semester was marked by a capital increase of 5.5 million euros, carried out in Maywhich raised net equity to 9.6 million, 147% more than in June 2024. Thanks to this operation, liquidity exceeds 4 million euros, placing net financial debt in negative territory (-0.6 million) and substantially improving solvency ratios, with a DFN/EBITDA of -0.6x. The company also has a general solvency ratio greater than 2.5 times, which places it among the strongest in its sector.
During the period, IFLEX carried out investments of 1.5 million euros destined mainly to the acquisition of land for a future expansion of production capacity at its Ullà plant (Girona)with the aim of supporting its organic growth in the coming years. The net cash flow from operating activities reaches a positive 90.7 thousand euros compared to 360.8 thousand euros in the same period of 2024,
Despite the increase in costs, the company maintains a profitable growth trajectory and a healthy financial structure, which will allow it to address new opportunities, both organic and inorganic. “The strengthening of assets allows us to begin a new phase of expansion with guarantees, combining innovation, financial prudence and commitment to sustainability,” he said. Pere Puig, CEO of IFLEX.
Regarding the forecasts for the rest of the year, the company anticipates a stable evolution of sales and margins in the second half, in line with the figures of the first, and expects to maintain EBITDA levels once the extraordinary costs associated with the capital increase have been absorbed.
ESG Commitment
IFLEX continues to bet on sustainability as the axis of its industrial strategy. The company works with new single-material and compostable materials to improve the recyclability of packaging, collaborates with the CDTI in the development of recyclable packaging for the dairy sector and participates in circular economy projects with the Waste Agency of Catalonia. In addition, it has implemented a water reuse system in the manufacture of cylinders, significantly reducing the consumption of this resource.