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

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
  • Wide product range
  • High standards to operate applied in all locations
  • Renewed innovations roadmap
  • Sourcing ability
  • Solid operating efficiency and up-to-date manufacturing capacity

Focus areas

  • Footprint expansion
  • Product portfolio expansion, especially folded carton and bags & wraps
  • Execution of the renewed innovation roadmap with emphasis on sustainability and aim for enhanced differentiation
  • Sourcing collaboration across segments

Financial ambitions and achievements

Meur Long-term ambition LTM Q3 2018 2017 2016 2015 2014 2013 2012
Net sales   857.5
807.5 741.0 667.5 620.4 629.1 626.8
Comparable growth 5–7% 5%1
4% 5% 4% 4% 2% -1%
EBIT   76.2
70.1 63.2 52.4 57.4 46.9 38.1
EBIT Margin 9–11% 8.9%
8.7% 8.5% 7.9% 9.3% 7.5% 6.1%
RONA 15+% 13.1%
13.0% 13.7% 14.2% 17.6% 13.9% 11.6%
Capex   55.5
53.4 46.9 39.6 33.6 16.8 21.1
Operating cash flow   43.9
57.1 38.0 35.4 41.9 55.9 39.7

All figures excluding IAC.
1 For YTD 2018

North America add_circle_outline

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
  • 21st century new capacity
  • Capability for customer promotions
  • Molded fiber competence and scale, Chinet® brand
  • Uniquely global in foodservice packaging
  • Ice-cream systems offering

Focus areas

  • Building new facilities: replicate the success of Batavia in Goodyear, Arizona
  • Build culture to attract best employees and best customers
  • Leverage our capacity in foodservice paperboard packaging and retail store brands

Financial ambitions and achievements

Meur Long-term ambition LTM Q3 2018 2017 2016 2015 2014 2013 2012
Net sales   969,7 1,000.4 1,005.1 947.7 769.3 725.3 704.3
Comparable growth 2–5% 3%1 2% 6% 4% 6% 5% 5%
EBIT   82.2 104.1 107.6 88.2 38.4 38.4 53.0
EBIT Margin 9–10% 8.5% 10.4% 10.7% 9.3% 5.0% 5.3% 7.5%
RONA 11–14% 10.8% 14.2% 16.3% 14.1% 7.2% 8.0% 11.7%
Capex   65.5 97.9 97.9 40.9 36.7 66.7 31.5
Operating cash flow   20.1 31.7 40.4 61.1 18.7 -15.0 28.7

1 For YTD 2018.

Flexible Packaging add_circle_outline

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
  • Seize the momentum with global key accounts
  • Offer best-in-market innovation capability
  • Build capacity for organic growth and seek for potential acquisition targets

Financial ambitions and achievements

Meur Long-term ambition LTM Q3 2018 2017 2016 2015 2014 2013 2012
Net sales   943.5 912.7 868.6 868.9 618.0 585.8 573.3
Comparable growth 6–8% 8%1 4% -1% 3% 7% 4% 2%
EBIT   69.6 69.7 73.8 68.8 45.5 44.0 44.6
EBIT Margin 9–11% 7.4% 7.6% 8.5% 7.9% 7.4% 7.5% 7.8%
RONA 15+% 10.6% 10.8% 11.6% 12.3% 13.6% 13.3% 13.8%
Capex   54.4 41.1 25.7 31.6 24.7 15.6 19.8
Operating cash flow   29.7 36.6 87.9 63.5 27.8 34.8 41.4

All figures excluding IAC.
1
For YTD 2018

Fiber Packaging add_circle_outline

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 LTM Q3 2018 2017 2016 2015 2014 2013 2012
Net sales   282.5 285.1 267.8 260.3 247.0 236.3 237.3
Comparable growth 5–7% 4%1 5% 5% 5% 9% 6% 4%
EBIT   27.8 28.2 34.6 33.5 35.0 29.6 26.4
EBIT Margin 13–15% 9.8% 9.9% 12.9% 12.9% 14.2% 12.5% 11.1%
RONA 18+% 12.9% 12.8% 16.4% 17.7% 20.4% 18.2% 16.1%
Capex   19.1 22.0 27.6 34.1 27.3 18.9 14.8
Operating cash flow   21.0 20.7 16.7 9.9 17.5 21.0 25.6

All figures excluding IAC.
1 For YTD 2018