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Ad hoc
Ad hoc announcement pursuant to Art. 53 LR

Stable volumes, initial signs of growth recovery, progress on production footprint

avril 30, 2024

Q1 2024 trading update

  • Q1 2024 revenue, at constant currency, in line with strong prior year (constant currency and constant resin1 also in line with prior year)
  • Q1 2024 reported revenue declined by 1.0% compared with Q1 2023
  • Volume growth resuming in key regions, pricing stable
  • Q1 2024 adjusted EBITDA margin 21.5%; set to expand through the year as revenue growth resumes
  • Full year guidance confirmed

 

1 The resin escalator for the bag-in-box and spouted pouch businesses, which passes on movements in resin costs directly to customers, is excluded for year-on-year comparison purposes.

Stable volumes, initial signs of growth recovery, progress on production footprint

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