American Forest & Paper Association Releases February 2018 Boxboard Report

Ahead of the United Nations World Food Safety Day Tetra Pak announced its new set of research collaborations and programmes to further accelerate efforts to address challenges facing food systems worldwide. The initiative is part of the company’s drive to nurture an innovation ecosystem to open new opportunities in the areas of food availability, safety and sustainability. According to the Food and Agriculture Organisation UN FAO, the world is in a very different place compared to six years ago, when it committed to the goal of ending hunger, food insecurity and all forms of malnutrition by 2030. The current reality is that we have not been progressing fast enough towards ensuring access to safe, nutritious and sufficient food for all people. As an example, over 2 billion people did not have access to enough safe and nutritious food in 2020.

*Net sales of $1.3 billion, down 5% as reported; down 2% constant currency *Net earnings of $63 million, down 58% *Earnings per share (Diluted) of $0.44, down 56% *Cash flow from operations (year to date) of $52 million, up 7%

Tetra Laval, the group which comprises Tetra Pak, Sidel and DeLaval is donating EUR 2 million to humanitarian support to Ukrainians in Ukraine and those that have been forced to flee to neighbouring countries. We are deeply distressed by the war in Ukraine and join all parties calling for peace. To reflect our sense of values, we will do what we can to support local humanitarian efforts, says Lars Renström, Chairman of the Tetra Laval Group. EUR 1 million is donated to UNICEF’s Drive for Ukrainian Children to support of the more than half a million children already affected by the war. A further EUR 1 million will be allocated to secure safe food distribution for refugee camps mainly in collaboration with Tetra Pak’s local customers.