Strong growth in profits, returns and dividends
Organic corrugated packaging volume growth of +2.2% driving market outperformance, led by good growth in areas of focus
Return on sales progression of 80bps to 7.6% despite input cost pressures
Synergy benefits from SCA Packaging acquisition fully on track
Continued delivery of our medium-term targets
Investment to support further growth and efficiency
Miles Roberts, Group Chief Executive said:
"This is a strong set of results achieved despite economic conditions across Europe remaining challenging. We have achieved our synergy targets for the year and delivered good growth in profits, returns and dividends.
At the heart of our performance is an unrelenting focus on the customer. Our strengthened customer proposition and an ability to deliver across the whole customer supply cycle has led to increased market share across our regions.
The current year has started well and is in line with our expectations. While we are planning for a difficult consumer economic environment to remain, our focus on delivery, capital discipline and continued investment in the business provides us with confidence in the sustainability of our business model. Looking ahead we remain excited about further growth opportunities for the Group."