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Home / Knowledge / News / Information Technology / Avery Dennison provides financial update
Avery Dennison provides financial update
23
Dec '08
Conditions in the Company's markets have deteriorated more than expected since the Company issued guidance on October 21, 2008, resulting in lower-than-expected sales volume in the fourth quarter.

Lower revenue, coupled with expenses associated with the Company's cost-reduction initiatives, are now expected to result in lower operating profits than previously indicated. A possible one-time tax benefit may result in earnings per share in line with previous guidance.

Avery Dennison is a global leader in pressure-sensitive labeling materials, retail tag, ticketing and branding systems, and office products. Based in Pasadena, Calif., Avery Dennison is a FORTUNE 500 Company with 2007 sales of $6.3 billion. Avery Dennison employs more than 30,000 individuals in over 60 countries, who develop, manufacture and market a wide range of products for both consumer and industrial markets.

Products offered by Avery Dennison include: Fasson-brand self-adhesive materials; Avery Dennison brand products for the retail and apparel industries; Avery-brand office products and graphics imaging media; specialty tapes, peel-and-stick postage stamps, and labels for a wide variety of automotive, industrial and durable goods applications.

Avery Dennison Corporation


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