Revenue Growth
Sales at EUR 2.4 billion grew 5% year-on-year, supported by high demand for food products and packaging solutions.
Operational Segments Performance
All operational segments achieved positive adjusted EBIT for the second consecutive quarter despite continued weakness in board and pulp markets.
Strategic Focus on Renewable Packaging
Significant steps taken to strengthen strategic focus on Renewable Packaging, including the Oulu Consumer Board ramp-up and the acquisition of Junnikkala.
Debt Reduction and Financial Flexibility
Agreement to divest approximately 12.4% of Swedish forest land for EUR 900 million, reducing debt and enhancing financial flexibility.
Cash Flow Improvement
Operating working capital to sales was 7%, a decrease of 2 percentage points year-on-year, reflecting dedication to improving cash flow.