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Ad hoc
Ad hoc announcement pursuant to Art. 53 LR

Resilient third quarter revenue growth and margin performance

October 24, 2023

Q3 2023 trading update

  • Q3 2023 Group revenue growth at constant currency of 7.7%
  • Q3 2023 organic revenue growth1 at constant currency of 8.1%
  • Q3 2023 adjusted EBITDA margin of 24.8% (Q3 2022: 23.2%)
  • Q3 2023 free cash flow generation of €133 million (Q3 2022: €101 million)
  • Full year guidance maintained

1Organic growth represents aseptic carton and excludes the acquisitions of the bag-in-box, spouted pouch and chilled carton businesses.

Resilient third quarter revenue growth and margin performance

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