Key Points: Strong performance against key metrics* EBITDA of €735 million, with an EBITDA margin of 17.5%*Free cash flow of €238 million *ROCE of 14.8% *Leverage of 2.1x *Dividend payment of 80.9 cent per share. “Our European business performed strongly in the first six months with an EBITDA margin of 17.6% and flat corrugated box volumes. “The EBITDA margin of the Americas business improved again year-on-year from 17.1% to 19.0%.
Tetra Pak has today (Monday 29th January) been named on the CDP Supplier Climate A list for the second time, as well as being announced as a CDP Forests A list in December, also for the second time. We have been reporting to the CDP Supplier Climate programme since 2009 and to the Forests programme since it was first established in 2015. Reporting to CDP highlights Tetra Pak’s commitment to transparency and measurement of its sustainability positioning.
In the Supplier Climate programme Tetra Pak has been recognised for implementing a range of actions to mitigate climate change by receiving an A score. Only 2% of companies participating to the programme achieved an A score.
The factors that have enabled us to achieve this are:
•Transparency and quality of disclosure
•Emissions inventory validated by a third party
•Approved Science Based Targets
•Use of internal price for carbon
•Highest responsibility for climate change lies with the Tetra Pak board
Mario Abreu, Vice President Environment Tetra Pak, adds: “Sustainability is an integral part of the business decisions we make and the actions we take. That’s why we’re proud that Tetra Pak was one of only six companies to make the CDP Forests A-list, for the second year in a row, and now also the Supplier Climate A-list. Across the company, we understand the tangible business benefits of disclosing our activities to our customers and third parties. Among other things it helps us measure and improve on our performance across the whole value chain.”