Trioworld achieves the highest sustainability rating from EcoVadis for the fourth consecutive year

The investment is part of our Packaging’s ambitious growth strategy in East Europe, driving leadership in sustainable packaging solutions across the region and creating value for our customers and partners. The first steps have already been taken by harmonising the business processes of both sites, including quality management and system standardiation. These initiatives are supported by investments in new machinery at both sites increasing quality, productivity as well as innovation capabilities. Reinier Schlatmann, DS Smith Regional Managing Director East Europe: "Our investments in technology, automation, and process improvement, enable DS Smith to drive innovation in packaging solutions. With a strong focus on the transition towards a circular economy, we are reshaping the industry and supporting customer sustainability goals at the same time. DS Smith's commitment in this respect is supported by our development of corrugated packaging that offers alternatives for problematic plastics. The investments in Austria significantly strengthen our position in the market and make a long-term contribution to the environment and economy.”

"During the fourth quarter, we completed the reorganization into two market-focused businesses, Food and Protective, and had a strong finish to the year," said Dustin Semach, Sealed Air's President and CEO. "We exceeded our expectations across Adjusted EBITDA, Adjusted EPS and Free Cash Flow, reflecting improved discipline in fundamentals. I want to express my deep gratitude to our 16,400 plus Sealed Air team members for their commitment to our transformation and their tireless efforts in solving our customers' most critical packaging challenges.""With the foundation now firmly in place, we are focused on maximizing the potential of each business based on their respective end-markets and portfolios. We are accelerating the momentum in Food by expanding further into higher growth end-markets with our case ready and fluids solutions and continuing to stabilize Protective. In parallel, we are continuing to streamline our operations and drive further productivity across the company. As a result, we are targeting growth and margin expansion in 2025. We are focused on accelerating the pace of execution to improve the outcomes for our customers and maximize value for our shareholders," said Semach.

Q3/2023 (year-on-year) • Sales decreased by 28% to EUR 2,127 (2,963) million. • Operational EBIT decreased to EUR 21 (527) million. • Operating profit (IFRS) was EUR -1 (511) million. • Cash flow from operations amounted to EUR 231 (639) million. Cash flow after investing activities was EUR 38 (489) million. • The net debt to operational EBITDA ratio (last 12 months) was 2.4 (0.8). The target is to keep the ratio below 2.0. • Operational ROCE excluding the Forest division (last 12 months) decreased to 4.7% (22.1%), the target being above 13%.