1、CCL INDUSTRIES INC.2013 ANNUAL REPORTCAUTION ABOUT FORWARD-LOOKING INFORMATION This ANNUAL REPORT contains forward-looking information and forward-looking statements,as defined under applicable securities laws(hereinafter collectively referred to as“forward-looking statements”),that involve a number
2、 of risks and uncertainties.Forward-looking statements include all statements that are predictive in nature or depend on future events or conditions.Forward-looking statements are typically identified by,but not limited to,the words“believes,”“expects,”“anticipates,”“estimates,”“intends,”“plans”or s
3、imilar expressions.Statements regarding the operations,business,financial condition,priorities,ongoing objectives,strategies and outlook of the Company,other than statements of historical fact,are forward-looking statements.Specifically,this ANNUAL REPORT contains forward-looking statements regardin
4、g the anticipated growth in sales,income and profitability of the Companys segments;the Companys improvement in market share;the Companys capital spending levels and planned capital expenditures in 2014;the adequacy of the Companys financial liquidity;the Companys targeted return on equity,earnings
5、per share,EBITDA growth rates and dividend payout;the Companys effective tax rate;the Companys ongoing business strategy;and the Companys expectations regarding general business and economic conditions.Forward-looking statements are not guarantees of future performance.They involve known and unknown
6、 risks and uncertainties relating to future events and conditions including,but not limited to,the uncertainty of the recovery from the global financial crisis and its impact on the world economy and capital markets;the impact of competition;consumer confidence and spending preferences;general econo