USA – Sealed Air (SEE) has reported full-year net sales of US$5.6 billion for fiscal 2022 (FY22), representing a growth of 2% from fiscal 2021 (FY21).
The company’s sales in the Americas rose by 6% over the year, while its Asia-Pacific (APAC) and Europe, Middle East and Africa (EMEA) businesses saw their sales drop by 6% and 3% respectively.
SEE recorded US$491 million in net earnings for the year, which was the same as in FY21. Its earnings per diluted share (EPS) for FY22 were US$3.33, up by 3% from US$3.22 in FY21.
SEE president and CEO Ted Doheny said: “In 2022, we delivered adjusted EPS growth of 15% as we are successfully executing on our strategy to become a world-class company partnering with our customers on automation, digital and sustainable packaging solutions.
“I am extremely proud of how our team executed in securing and redesigning products, innovating new solutions with sustainable materials, and minimizing disruptions for our customers while maintaining performance and ensuring quality.
“Our automation solutions continued gaining momentum by creating significant savings for our customers and delivering the best products at the right price and making them sustainable.”
In the fourth quarter (Q4) of FY22, SEE generated US$1.4 billion in net sales, which was down by 8% on a reported basis and 4% on a constant currency basis from a year earlier.
The company’s net earnings also declined by 44% to US$95 million in Q4 2022, while its EPS stood at US$0.65, down by 42% from Q4 2021.
For fiscal 2023 (FY23), SEE expects full-year net sales of between US$5.85 and US$6.10 billion, representing a 4-8% growth from FY22.
Huhtamaki registers 25% increase in full-year sales for FY22
Finnish sustainable packaging company Huhtamaki has recorded full-year net sales of €4.47 billion (US$4.79bn) for fiscal 2022 (FY22), up 25% from €3.57 billion (US$3.82bn) in fiscal 2021 (FY21).
Huhtamaki‘s reported earnings before interest and taxes (EBIT) for the year were €405 million (US$432.18m), while its adjusted EBIT was €395 million (US$422.55m).
Its reported earnings per share (EPS) were €2.65 (US$2.83 and its adjusted EPS were €2.49 (US$2.66).
In the fourth quarter (Q4) of FY22, Huhtamaki registered a 10% net sales growth to €1.10 billion (US$1.18), with a comparable net sales growth of 9%.
The company reported an EBIT of €78 million (US$83.44m) and an adjusted EBIT of €93 million (US$99.49m) for the quarter. Its adjusted EPS were €0.65 (US$0.70) in Q4 2022, up from €0.54 (US$0.58 in the same period of FY21.
Huhtamaki president and CEO Charles Héaulmé said: “We continued to successfully execute the Huhtamaki 2030 growth strategy and despite facing a challenging operational environment, delivered a strong performance in 2022.
“Complexity, volatility and uncertainty affected the business environment during the year, with geopolitical disruption and high inflation across the value chain.
“While demand remained overall solid, the pressure of inflation on consumers started to erode the consumption growth across categories and geographies during the second half of the year.
“The year 2022 was most importantly marked by the war in Ukraine, which led to the decision to divest our operations in Russia. This was successfully completed in September.”
For fiscal 2023 (FY23), Huhtamaki expects its trading conditions to remain ‘relatively stable’ despite the uncertain operating environment.
The company said its ‘good financial position’ will create ‘profitable’ long-term growth opportunities.
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