Bemis Pack­ag­ing

Belfast Telegraph - Business Telegraph - - Analysis & Company Report -

Bemis Health­care Pack­ag­ing op­er­ates from a plant at Camp­sie, Lon­don­derry. It is an Amer­i­can owned sub­sidiary of Bemis Co Inc, based in Neenah, Wis­con­sin in the US. The North­ern Ire­land reg­is­tered com­pany also con­sol­i­dates the per­for­mance of a wholly owned sub­sidiary based in Malaysia: Bemis Asia Pa­cific. It was for­merly known as Per­fec­seal.

The com­pany’s main ac­tiv­ity is the man­u­fac­ture in a con­trolled en­vi­ron­ment of ster­ile bar­rier sys­tems which are used for med­i­cal de­vices and phar­ma­ceu­ti­cals.

In the last three years this North­ern Ire­land-based plant has reg­is­tered suc­cess­ful and im­prov­ing re­sults. How­ever, no div­i­dends have been paid to the share­hold­ing own­ers and post-tax prof­its have been re­tained in re­serves. The bal­ance sheet value of share­hold­ers’ funds has more than dou­bled in that pe­riod. Busi­ness turnover has in­creased sig­nif­i­cantly and reached nearly £58m in 2017. The gross profit mar­gin, even on in­creas­ing sales, has also tended to im­prove and was re­cently a frac­tion un­der 27%.

The bal­ance sheet shows that the com­pany only has a mod­est re­liance on bor­rowed funds to fa­cil­i­tate its op­er­a­tions. As a con­se­quence the level of pre-tax prof­its is only slightly lower than op­er­at­ing prof­its. The unit has en­joyed the abil­ity to con­tract for sig­nif­i­cant ex­tra in­vest­ment in cap­i­tal as­sets.

Em­ploy­ment num­bers have in­creased in each of the last three years.

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