Business segments

Last updated: March 4, 2021

We have a complementary business portfolio that is based on three key technologies and packaging types: paperboard conversion packaging, molded fiber packaging and flexible packaging. Our packaging offers consumers convenience, food safety, food availability and food waste reduction.

We have organized our business into Fiber Foodservice Europe-Asia-Oceania, North America, and Flexible Packaging. With our global network of manufacturing and sales units, we are well placed to support our customers’ growth wherever they operate.

Read more about the businesses here

Fiber Foodservice EAO add_circle_outline

Foodservice Europe-Asia-Oceania

Foodservice paper and plastic disposable tableware, such as cups, is supplied to foodservice operators, fast food restaurants and coffee shops. The segment has production in Europe, South Africa, Middle East, Asia and Oceania.

Foodservice EAO segment's website

Our competitive advantages

  • Unique footprint and leadership position
  • Wide product range and scale to serve and innovate globally
  • Impeccable quality and service for our customers
  • Renewed innovation on sustainability challenges

Focus areas

  • Footprint expansion and optimization
  • Product portfolio expansion
  • Lead in innovation and sustainability
  • Drive automation and layout optimization across our factories
  • Pursue M&A to expand product range, geographical presence or access to channels

Financial ambitions and achievements

Meur Long-term ambition 2020 2019 2018* 2017 2016 2015
Net sales   829.1 956.7 881.7 807.5 741.0 667.5
Comparable net sales growth 5–7% -10% 4% 4% 4% 5% 4%
Adjusted EBIT   60.9 85.7 77.1 70.1 63.2 52.4
EBIT Margin 9–11% 7.3% 9.0% 8.7% 8.7% 8.5% 7.9%
Capex   78.7 74.7 57.8 53.4 46.9 39.6
Operating cash flow   41.6 66.8 53.9 57.1 38.0 35.4

All figures excluding IAC.

* 2018 figures restated for IFRS 16 impact.

Products, customers, sales split and competitors

 

Fiber Packaging

Recycled and other natural fibers are used to make fresh product packaging, such as egg, fruit, food and drink packaging. The segment has production in Europe, Oceania, Africa and South America.

Fiber Packaging segment's website

Our competitive advantages

  • Full control throughout the value chain from raw material sourcing to NPD
  • Centralized research and development
  • Sustainability knowhow
  • Local service backed by global knowledge
  • Strong teams and continuous knowledge sharing

Focus areas

  • Continued investments in new capacity
  • Expansion of product portfolio
  • Active interest in potential acquisitions
  • Innovations and sustainability
  • Continuous improvement: operational efficiency, cost management
  • Knowledge sharing

Financial ambitions and achievements

Meur Long-term ambition 2020 2019 2018* 2017 2016 2015
Net sales   307.8 293.4 283.0 285.1 267.8 260.3
Comparable net sales growth 5–7% 9% 6% 4% 5% 5% 5%
Adjusted EBIT   37.4 29.0 31.2 28.2 34.6 33.5
EBIT Margin 13–15% 12.2% 9.9% 11.0% 9.9% 12.9% 12.9%
Capex   36.7 29.5 23.4 22.0 27.6 34.1
Operating cash flow   18.9 22.4 25.1 20.7 16.7 9.9

All figures excluding IAC.

* 2018 figures restated for IFRS 16 impact.

Products, customers, sales split and competitors

North America add_circle_outline

The North America segment serves local markets in North America with retail tableware, foodservice and consumer goods packaging. We are an industry-leading manufacturer of packaging for consumer-packaged goods, as well as tableware, cups, folding cartons, containers, carriers, trays and serviceware for the foodservice industry and retail market. We offer a wide range of packaging for foodservice operators and branded consumer products. We are also the proud makers of Chinet®, one of the most recognized premium retail disposable tableware brand.

The segment has production in the United States and Mexico.

North America segment's website

Our competitive advantages

  • Leading shaped paperboard converter
  • Chinet® brand
  • 21st century new cup capacity
  • Ice-cream systems
  • Capability for customer promotions

Focus areas

  • Safety
  • Leading Molded Fiber – Chinet® brand
  • Build out paperboard in Goodyear and Batavia
  • 21st century work environment
  • Build culture to attract best employees and best customers
  • Positioning; positive market disruptor and alignment with brand forward customers

Financial ambitions and achievements

Meur Long-term ambition 2020 2019 2018* 2017 2016 2015
Net sales   1,138.9 1,152.7 1,002.7 1,000.4 1,005.1 947.7
Comparable net sales growth 2–5% 1%  9% 5% 2% 6% 4%
Adjusted EBIT   136.6 111.4 73.0 104.1 107.6 88.2
EBIT Margin 9–10% 12.0% 9.7% 7.3% 10.4% 10.7% 9.3%
Capex   71.7 54.6 62.9 97.9 97.9 40.9
Operating cash flow   150.1  125.0 19.8 31.7 40.4 61.1

All figures excluding IAC.

* 2018 figures restated for IFRS 16 impact.

Products, customers, sales split and competitors

Flexible Packaging add_circle_outline

Flexible packaging is used for a wide range of pre-packed consumer products. We offer light and innovative flexible packaging materials, pouches and labels for food and drink, coffee packaging, pet food packaging, barrier packaging, retort pouches and packaging for pharmaceutical products. We serve global and local brands across Europe, Asia, Oceania, and South America.

Flexible Packaging segment's website

Our competitive advantages

  • Unmatched footprint in emerging markets
  • Good reputation among blue-chip customers
  • Global R&D knowhow to speed up innovations & commercialization
  • Wide product offering
  • Strong teams & resource pool in India

Focus areas

  • Harvest full benefits of the recent growth initiatives
  • Continue expanding in emerging markets
  • Ensure cost competitiveness and continue improvements in operational efficiency
  • Develop and innovate sustainable solutions fit for the circular economy
  • Build on strength in consumer convenience solutions and agility in on-demand packaging

Financial ambitions and achievements

Meur Long-term ambition 2020 2019 2018* 2017 2016 2015
Net sales   1,050.8 1,016.4 952.3 912.7 868.6 868.9
Comparable net sales growth 6–8% 1% 3% 7% 4% -1% 3%
Adjusted EBIT   80.7 82.6 67.8 69.7 73.8 68.8
EBIT Margin 9–11% 7.7% 8.1% 7.1% 7.6% 8.5% 7.9%
Capex   35.9 44.4 49.7 41.1 25.7 31.6
Operating cash flow   83.8 88.8 42.2 36.6 87.9 63.5

All figures excluding IAC.

* 2018 figures restated for IFRS 16 impact.

Products, customers, sales split and competitors

We’re positioned to support our customers wherever they operate

We’re positioned to support our customers wherever they operate

We have operations in 35 countries