Lecta to Increase Prices by 5% on CWF 1S and Self-Adhesive Ranges

Q2/2022 (year-on-year) • Sales increased by 18% to EUR 3,054 (2,592) million. • Operational EBIT increased by 39% to EUR 505 (364) million. • Operational EBIT margin increased to 16.5% (14.0%). • Operating profit (IFRS) increased to EUR 399 (182) million. • Cash flow from operations amounted to EUR 404 (463) million. Cash flow after investing activities was EUR 247 (339) million. • Operational ROCE excluding the Forest division increased to 22.8% (18.1%), the target being >13%. Q1-Q2/2022 (year-on-year) • Sales were EUR 5,852 (4,868) million. • Operational EBIT was EUR 1,008 (692) million.

Avery Dennison Corporation announced the appointment of Gregory S. Lovins to senior vice president and chief financial officer, effective immediately. Mr. Lovins, 45, will be responsible for leading financial operations across Avery Dennison, and will also oversee the company's information technology group. Mr. Lovins has served as the company’s vice president and interim chief financial officer since March 2017 and has also been the company’s treasurer since August 2016. He has more than 20 years of experience with Avery Dennison, having served in various positions of increasing responsibility across the company, including global finance leadership for what is now the Label and Graphic Materials segment. Click Read More below for more of the story.

Total European shipments of graphic papers in May 2017 were UP 3.8% vs. May 2016 and were down 1.2% year-to-date. Total European shipments of newsprint in May 2017 were down 1.9% vs. May 2016 and were down 4.7% year-to-date. Total European shipments of sc-magazine papers in May 2017 were UP 6.5% vs. May 2016 and were UP 3.1% year-to-date. Total European shipments of coated mechanical reels in May 2017 were UP 5.7% vs. May 2016 and were down 2.7% year-to-date. Total European shipments of uncoated mechanical (improved & others) in May 2017 were UP 4.9% vs. May 2016 and were UP 1.5% year-to-date. Total European shipments of coated woodfree papers in May 2017 were UP 10.0% vs. May 2016 and were UP 0.6% year-to-date. Total European shipments of uncoated woodfree papers in May 2017 were UP 2.0% vs. May 2016 and were down 0.7% year-to-date. Click Read More below for additional details.