AptarGroup, a global leader in drug delivery, consumer product dispensing and active material science solutions and services, has reported record annual sales of $3.2 billion in 2021. During the year, sales grew 10% and core sales increased 7% and earnings per share increased 12% to $3.61. Reported Adjusted earnings per share increased 4% to $3.88 and the reported net income totaled $244 million, exceeding 2019 pre-pandemic levels. Adjusted EBITDA totaled $607 million, exceeding 2019 pre-pandemic levels.

In 2021, AptarGroup acquired Voluntis, a pioneer in digital therapeutics, and 80% of Weihai Hengyu Medical Products, a leading Chinese manufacturer of elastomeric and plastic components used in injectable drug delivery.

For the quarter ended December 31, 2021, reported sales increased 9% to $814 million compared to $749 million in the prior year. Core sales, excluding the impact from changes in currency exchange rates and acquisitions, increased 10%.

Stephan B. Tanda, President and CEO, said, “Each of our segments grew in the quarter, reflecting strong demand for our innovative solutions across our various end markets and pricing actions to pass through increased raw material and other input costs.”

Regarding Aptar’s outlook, Tanda stated, “Looking forward to the first quarter, we expect solid growth in our Pharma segment. Our prescription division is expected to report growth in the allergy category as we see signs of the destocking ending across most accounts. Other areas of our Pharma segment are expected to continue to do well, especially active material solutions where demand for in-home COVID-19 antigen tests should be quite strong. Our beauty business continues to recover, especially in the prestige area and many of our customers are optimistic that 2022 will be a good year for them. Our beverage business is also seeing signs of recovery. Other COVID-19 variants may impact the pace of these recoveries. Supply chain disruptions are expected to continue in the near-term, primarily impacting our business in the U.S., and in some cases, impacting certain customers in both Beauty + Home and Food + Beverage segments. Currency headwinds may also continue in the near-term. We will continue to contain costs, improve efficiencies, and plan to increase prices to offset the effects of rising input costs.”

Tanda concluded, “Our products are in the hands of millions of people every single day and our considerable exposure to attractive, high growth areas will continue to drive enhanced results. Our customers recognize us as a true innovation leader that has shaped the drug delivery and consumer product dispensing industries. At the same time, we are increasing sustainability and efficiency across the organization. We are well-positioned for continued growth beyond the current pandemic and economic environment. We will continue to seek out areas for growth and seek strategic partnerships to expand Aptar’s offerings for our customers, our company and our shareholders.”