Rexam Reports On Difficult 2009, 2010 Outlook Remains Uncertain

UK-based drinks can maker Rexam has said it is cautiously optimistic for 2010, following a difficult 2009. The company reported group sales for 2009 of GBP4.9bn, up by 5% on 2008 but down by 7% once currency effects and acquisitions/disposals are taken into account. Underlying pre-tax profits for the year came in 13% lower at GBP285mn, compared to GBP328mn a year earlier. The company suggested that visibility for 2010 remained low due to uncertainty as to the strength of the global economic recovery, but it did say that volumes in some markets had begun to

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