Business segments

With our global network of manufacturing and sales units, we’re well placed to support our customers’ growth wherever they operate. Mastering three distinctive technologies we develop and make packaging that helps great products reach more people, more easily.

Our three business areas are organized into four reporting segments.

Read more about the businesses here

Foodservice Europe-Asia-Oceania add_circle_outline

Updated: April 25, 2019

Our foodservice business serves quick service and fast casual restaurants, convenience stores, coffee shops, cafeterias and vending operators across Europe, Asia and Oceania. We offer single and double wall paper cups for hot and cold drinks, plates, wraps, bowls and a wide range of food-to-go packaging and accessories.

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 2018* 2017 2016 2015 2014 2013 2012
Net sales   881.7
807.5 741.0 667.5 620.4 629.1 626.8
Comparable net sales growth 5–7% 4%
4% 5% 4% 4% 2% -1%
Adjusted EBIT   77.1
70.1 63.2 52.4 57.4 46.9 38.1
EBIT Margin 9–11% 8.7%
8.7% 8.5% 7.9% 9.3% 7.5% 6.1%
Adjusted RONA 15+% 13.0%
13.0% 13.7% 14.2% 17.6% 13.9% 11.6%
Capex   57.8
53.4 46.9 39.6 33.6 16.8 21.1
Operating cash flow   53.9
57.1 38.0 35.4 41.9 55.9 39.7

All figures excluding IAC.

* 2018 figures restated for IFRS 16 impact.

North America add_circle_outline

Updated: April 25, 2019

Our North America business offers a wide range of packaging for retail, foodservice operators and branded consumer products. We're 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.

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 2018 2017 2016 2015 2014 2013 2012
Net sales   1,002.7 1,000.4 1,005.1 947.7 769.3 725.3 704.3
Comparable net sales growth 2–5% 5% 2% 6% 4% 6% 5% 5%
Adjusted EBIT   73.0 104.1 107.6 88.2 38.4 38.4 53.0
EBIT Margin 9–10% 7.3% 10.4% 10.7% 9.3% 5.0% 5.3% 7.5%
Adjusted RONA 11–14% 9.2% 14.2% 16.3% 14.1% 7.2% 8.0% 11.7%
Capex   62.9 97.9 97.9 40.9 36.7 66.7 31.5
Operating cash flow   19.8 31.7 40.4 61.1 18.7 -15.0 28.7

* 2018 figures restated for IFRS 16 impact.

Flexible Packaging add_circle_outline

Updated: April 25, 2019

Our flexible packaging business produces light and innovative flexible packaging materials, pouches and labels for food and drink, pet food, household and hygiene products, as well as pharmaceutical products. We serve global and local brands across Europe, Asia, Oceania, and South America.

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 2018* 2017 2016 2015 2014 2013 2012
Net sales   952.3 912.7 868.6 868.9 618.0 585.8 573.3
Comparable net sales growth 6–8% 7% 4% -1% 3% 7% 4% 2%
Adjusted EBIT   67.8 69.7 73.8 68.8 45.5 44.0 44.6
EBIT Margin 9–11% 7.1% 7.6% 8.5% 7.9% 7.4% 7.5% 7.8%
Adjusted RONA 15+% 10.0% 10.8% 11.6% 12.3% 13.6% 13.3% 13.8%
Capex   49.7 41.1 25.7 31.6 24.7 15.6 19.8
Operating cash flow   42.2 36.6 87.9 63.5 27.8 34.8 41.4

All figures excluding IAC.

* 2018 figures restated for IFRS 16 impact.

Fiber Packaging add_circle_outline

Updated: April 25, 2019

Our fiber packaging business uses recycled newspapers, magazines and other renewable fibers to produce new packaging. We offer egg cartons, fruit trays, bottle dividers and cup carriers to protect, preserve and help with the handling of delicate food products in Europe, Oceania, Africa, and South America.

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 2018* 2017 2016 2015 2014 2013 2012
Net sales   283.0 285.1 267.8 260.3 247.0 236.3 237.3
Comparable net sales growth 5–7% 4% 5% 5% 5% 9% 6% 4%
Adjusted EBIT   31.2 28.2 34.6 33.5 35.0 29.6 26.4
EBIT Margin 13–15% 11.0% 9.9% 12.9% 12.9% 14.2% 12.5% 11.1%
Adjusted RONA 18+% 14.2% 12.8% 16.4% 17.7% 20.4% 18.2% 16.1%
Capex   23.4 22.0 27.6 34.1 27.3 18.9 14.8
Operating cash flow   25.1 20.7 16.7 9.9 17.5 21.0 25.6

All figures excluding IAC.

* 2018 figures restated for IFRS 16 impact.