Smurfit Kappa First Quarter 2024 Trading Update

Third Quarter Highlights include (all results compared to the third quarter of 2019 unless otherwise noted): *Net income of $20.7 million decreased compared to net income of $62.7 million *Net cash provided by operating activities decreased by $6.5 million to $135.0 million. *Total debt decreased by $240.9 million to $2,637.6 million. Net debt(4) decreased by $263.6 million to $2,539.1 million and decreased $70.8 million sequentially from the second quarter of 2020.

Tetra Pak has today been recognised as one of the world’s 50 Sustainability and Climate Leaders. The leading food processing and packaging solutions company has been acknowledged for its commitment to pioneer a sustainable future, with a documentary showcasing its fascinating journey. The video features interviews with members of Tetra Pak’s Global Leadership Team, highlighting how the role of food sector in tackling climate change is becoming even more imperative. They explain why accelerating de-carbonisation and collaborations is critical to lead the sustainability transformation of the food packaging industry – addressing complex and multi-faceted challenges such as global warming, circularity and biodiversity. Food is a critical but often overlooked element of the climate issue. The global food system accounts for 26% of global greenhouse gas (GHG) emissions1, while 8% of total emissions are caused by food waste2.

H&M is the latest retailer to replace its plastic packaging with paper, joining an increasing number of brands that are adapting their packaging materials to reduce the amount of waste plastic that ends up being thrown away rather than recycled. The international fashion brand has introduced paper packaging to its e-commerce channels that serve millions of customers. Starting with the UK, the Netherlands, Sweden, China, Russia and Australia, H&M, the paper packaging will be rolled out to more countries in the coming year, helping the brand to reach its ‘circular strategy for packaging’. This strategy includes reducing packaging by 25% and designing reusable, recyclable or compostable packaging by 2025.