{"id":3659,"date":"2024-11-07T07:25:12","date_gmt":"2024-11-07T12:25:12","guid":{"rendered":"https:\/\/www.packagingindustrynews.com\/?p=3659"},"modified":"2024-11-07T07:25:12","modified_gmt":"2024-11-07T12:25:12","slug":"novelis-reports-5-rise-in-q2-fy25-net-sales","status":"publish","type":"post","link":"https:\/\/www.packagingindustrynews.com\/?p=3659","title":{"rendered":"Novelis reports 5% rise in Q2 FY25 net sales"},"content":{"rendered":"


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The company expects its production to return to normal in Q3 FY25. Credit: Postmodern Studio via Shutterstock.<\/figcaption><\/figure>\n<\/p><\/div>\n

Novelis<\/a>, a sustainable aluminium solutions provider, has reported a 5% increase in net sales for the second quarter (Q2) of fiscal year 2025 (FY25), reaching $4.3bn, compared to $4.1bn in the previous year\u2019s period.<\/p>\n

This growth was driven by higher average prices of aluminium and a 1% rise in total flat-rolled product shipments to 945 kilotonnes.<\/p>\n

Net income attributable to the company\u2019s common shareholders fell by 18% to $128m, impacted by $61m in charges from production interruptions at the Sierre plant in Switzerland.<\/p>\n

Excluding special items, net income was down 1% to $179m.<\/p>\n

Adjusted earnings before interest, taxes, depreciation, and amortisation (EBITDA) fell 5% to $462m during the quarter, primarily due to higher aluminium scrap prices and a $25m impact from the Sierre flood.<\/p>\n

For the first six months of FY25, net cash flow from operating activities stood at $374m, up from $290m in the prior year.<\/p>\n

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