CCL Industries Reports 4Q, Full Year Results
Mr. Martin then added, "Although global economic uncertainty remains, we are cautiously optimistic about the Company's prospects for profitable growth in 2012. Demand levels in Emerging Markets are expected to continue outpacing those in North America and Europe as our performance mirrors the experience of our large global customers. Order levels have been solid so far in 2012, including Europe, despite the ongoing sovereign debt crisis in the region. The Company's rate of performance improvement will narrow appreciably in the first quarter of 2012 as comparisons to a strong prior year period are more challenging than the fourth quarter of 2011, particularly for CCL Container. We do expect to see raw material inflation stabilize and potentially reverse in some commodity categories. Foreign currency impact would be nominal at today's exchange rates."