Introducing PaperSpace Coreless e+ Paper Dunnage Solution

U.S. Packaging net sales of $672.3 million for the third quarter of 2017 represented an increase of 2.2 percent compared to the same period of 2016. Compared to the prior third quarter, unit volumes were up approximately two percent. U.S. Packaging operating profit decreased to $99.6 million in the third quarter of 2017, or 14.8 percent of net sales, compared to $100.8 million, or 15.3 percent of net sales, in 2016. Compared to the prior year, profits were impacted by previously-negotiated contractual selling price reductions on select products, partially offset by manufacturing efficiencies and the benefits of increased unit volumes. Global Packaging net sales of $362.8 million for the third quarter of 2017 represented a decrease of 1.8 percent compared to the same period of 2016. Currency translation increased net sales by 0.5 percent. Organic sales decline of 2.3 percent reflects unfavorable mix of products sold, partially offset by sales price increases. Compared to the prior third quarter, Global Packaging unit volumes were relatively flat, comprised of weak volumes in the Company’s Latin American business, as anticipated, and offset by net volume growth in the remaining regions of the Global Packaging Segment. Global Packaging operating profit for the third quarter was $24.6 million, compared to $36.2 million for the same period in 2016. Compared to the prior year, lower profits in Global Packaging were driven primarily by the impact of the challenging economic environment in Brazil. Click Read More below for additional information.

The revolutionary 3D-formable BillerudKorsnäs FibreForm® paper offers a low-carbon packaging alternative to plastic and an exciting opportunity for inspiring designs. The creative FibreForm® is cold-formable and available in both white and brown paper. The unique FibreForm® material helps brand owners on their journey towards sustainable packaging. Firstly, the paper’s high strength enables packaging, such as carrier bags, to be reused multiple times. The paper is cold-formable and, therefore, requires less energy than plastic packaging during converting. Furthermore, it is 100% renewable, recyclable, and biodegradable.

The consolidated sales of the Group rose to EUR 1,060.4 million and were thus EUR 419.1 million above the comparative figure for the previous year (Q1 2021: EUR 641.3 million). This growth is mainly due to acquisitions and the passing on of cost increases through higher prices. At EUR 111.1 million, the operating result was EUR 49.9 million higher than in the previous year (Q1 2021: EUR 61.2 million). The significant increase in the MM Board & Paper division contrasted with a stable development at MM Packaging. The Group's operating margin thus increased to 10.5% (Q1 2021: 9.6%).