SKG Full Year 2023 Results

Oji Holdings announces that Oji Group's paper was adopted by Nestle in Malaysia as 3rd market for replacement of plastic package to paper package as a solution to reduce plastic for one of the biggest sustainability issues the world is facing today. We highly appreciate Nestle's considerate commitment towards creation of sustainable society. At the same time we will maintain supporting Nestle's action as a packaging material supplier. As environmental statements were made at G20 summit which was held in Osaka in June 2019, the need to replace plastic with paper for the purpose of environment protection is increasing all over the world. Oji Group would like to engage in SDGs by supply of environmental friendly products together with our clients' actions.

TC Transcontinental Packaging is pleased to announce that it has won the Gold award for Sustainability with its compostable peanut bag at the 2018 Flexible Packaging Achievement Awards Competition. Developed internally at Transcontinental Ultra Flex, the new flexible peanut bag was designed using certified compostable materials to support arenas and stadiums’ green initiatives and help sports teams, venues, and leagues achieve the next level of landfill waste diversion. This award celebrates TC Transcontinental Packaging’s commitment to sustainability, especially to ecodesign, as it strives to design products that take into consideration the environmental impacts of the product during its entire life-cycle. “The chief benefit of the new bag is that it reduces the amount of labour previously devoted to the manual sorting of materials collected during clean-up after games. The economic benefit is the lowering of overall waste management costs for the venue and the environmental benefits of this package center around the use of renewable resources and its easy inclusion into the venue managed composting program,” said Todd Addison, Vice President, Business Development at TC Transcontinental Packaging. “It is a great honour to be recognized by the industry for setting a new bar for packaging sustainability. Our customers can count on us to always look for new materials, new technologies and new techniques to create brilliant packaging that meets today’s consumer needs.” Click Read More below for additional information.

*Revenue growth of 11% *EBITDA of €781 million with an EBITDA margin of 16.7% *Corrugated growth of over 10% and over 9% versus 2020 and 2019 respectively *Accelerating investment plans to meet customer needs and capitalise on growth *Agreement to acquire 600,000 tonne recycled containerboard mill *Strong and progressive corrugated price recovery offsetting significant input cost increases *Interim dividend increased by 5% to 29.3 cent per share. Tony Smurfit, Group CEO, commented: “I am pleased to report a strong first half performance with revenue growth of 11%, EBITDA of €781 million and an EBITDA margin of 16.7%. Growth in corrugated was over 10% against the same period in 2020 and over 9% on 2019 and we continue to see strong demand for our core products.