Label Traxx acquired by Amtech (labelandnarrowweb.com)

• Sales decreased by 3% to EUR 2,721 (2,798) million. • Operational EBIT decreased by 53% to EUR 234 (503) million. • Operational EBIT margin decreased to 8.6% (18.0%). • Operating profit (IFRS) decreased to EUR 258 (394) million. • Cash flow from operations amounted to EUR 254 (403) million. Cash flow after investing activities was EUR 1 (224) million. Key highlights: • The acquisition of the Dutch De Jong Packaging Group was completed on 6 January 2023. • The Paper division was discontinued as of 1 January • The plan to divest of the Beihai site in China is proceeding according to plan. • The consumer board investment at the Oulu site in Finland is moving ahead according to schedule. Construction estimated to start during 2024, start of production expected during 2025.

Packaging Première exhibition has been a great success last year gathering designers, advertising agencies, brand owners and the major players of the sector. This year the number of converters and exhibitors has considerably increased. Kotkamills is confirming its strong presence with its high performance virgin fibre folding boxboards AEGLE® White and AEGLE® Pro. Most of the key customers in cosmetic, body care, pharma and luxury packaging will be also present with their own booths or visiting Kotkamills and Sapii Srl representing the Kotkamills products in Italy. A big success is again expected with Kotkamills’ AEGLE® brand recognized as a main player in these sectors.

Mondi is expanding production of its innovative range of paper-based EcoWicketBags. This comes in response to increasing demand for sustainable packaging in the home and personal care (HPC) industry, particularly for products such as diapers and feminine hygiene products. By expanding the production of EcoWicketBags at its plant in Szada (Hungary), Mondi further leverages the Group’s integrated value chain, from in-house paper production to coating and converting. EcoWicketBags are made from Mondi’s FunctionalBarrier Paper 95/5 – an exceptionally strong kraft paper which can be customised with specific barrier and protective properties to meet diverse product needs. They are available in a variety of sizes for different applications and provide protection from filling to transporting and storage, as well as being ideal for printing customer branding. EcoWicketBags are made from a renewable material and designed to be recycled in standard European paper recycling mills according to the 4evergreen guidelines.