Sales up in all regions and categories.

 

Global label maker Avery has reported strong sales growth in the fourth quarter with revenue up 19.3 per cent to C$180 million. 

 

Owned by Canadian group CCL Industries, Avery said it recorded a ’strong recovery’ across all regions and products.

 

The company’s badge business remains below normal but is improving, the company said.

 

The company added that raw materials availability, inflation and elevated freight cost from China for components curtailed profitability.

 

For the full year, Avery’s sales were C$709 million, an increase of 16.5 per cent  compared to 2020. Operating profit was up 36.4 per cent to C$149 million.