Tetra Pak launches new packaging material effects to help brands attract shoppers’ attention​

Q4 2020 in brief • Net sales decreased 7% to EUR 813 million (EUR 875 million) • Comparable net sales growth was -2% at Group level and -7% in emerging markets • The impact of currency movements was EUR -52 million on the Group’s net sales and EUR -5 million on EBIT. Q1-Q4 2020 in brief • Net sales decreased 3% to EUR 3,302 million (EUR 3,399 million) • Comparable net sales growth was -2% at Group level and -6% in emerging markets • The impact of currency movements was EUR -89 million on the Group’s net sales and EUR -8 million on EBIT • Capital expenditure was EUR 223 million (EUR 204 million) • Free cash flow was EUR 207 million (EUR 226 million)

With the latest development—Koehler NexPure® OGR—Koehler Paper, a leading provider of papers with a disruptive barrier function for packaging solutions, is adding another sustainable solution to its portfolio for the fast-food market. Consumer demand for sustainable products and packaging has been evident in the fast-food sector for some time now, which is why system catering is also increasingly looking for solutions in this field. Back in October, Koehler launched Koehler NexPure® Wrap, a paper designed for burger packaging with extremely low grammage, onto the fast-food market. Now, with Koehler NexPure® OGR, the company is bringing an oil- and grease-resistant, sustainable paper onto the market, which will be suitable for packaging foods such as fries, sandwiches, wraps, and burritos.

Net revenues in the first quarter of 2023 were $1,431 million compared to $1,495 million in the first quarter of 2022. The decrease was due to lower sales volume and the impact from dispositions, notably the disposition of Beverage Merchandising Asia on August 2, 2022. Lower sales volume was largely due to our focus on value over volume in the Foodservice and Food Merchandising segments and the market softening amid inflationary pressures in the Beverage Merchandising and Food Merchandising segments. These decreases were partially offset by favorable pricing, due to pricing actions in the Food Merchandising and Beverage Merchandising segments and the contractual pass-through of higher material costs across all segments. Net loss was $133 million in the first quarter of 2023 compared to $43 million of net income in the first quarter of 2022. The decrease was mostly due to $187 million of charges associated with the Beverage Merchandising Restructuring and a $27 million decrease due to the gain on the sale of Naturepak Beverage Packaging Co. Ltd in the prior year period. These decreases were partially offset by a $55 million decrease in tax expense, mainly attributable to decreased profitability.