Berry Global Group, Inc. announced its first three sites in North America to achieve the International Sustainability and Carbon Certification (ISCC) PLUS designation to support its growing North America based customer demand for more sustainable packaging. With many brand owners searching for pathways to achieve their sustainability goals, inclusive of renewable or recycled material use in their packaging, Berry’s ISCC PLUS certified facilities can provide customers with assurance of a product’s material composition. These materials meet the ISCC’s standards for recycled, renewable, and recycled-renewable materials, providing traceability along the supply chain, verifying that certified companies meet high environmental and social standards. ISCC PLUS Certification Highlights *Allows Berry to bring in-demand certified circular products to market, presenting customers with options for advanced recycled materials on a mass balance basis to meet their sustainability goals. *Crosses multiple product lines, allowing customers the potential to leverage Berry’s broad expertise across a number of manufacturing processes for the certified resins. *Validates the “mass balance approach,” tracking the quantity and sustainability characteristics of recycled and/or renewable content in the value chain, and attributing it based on verifiable bookkeeping with predefined and transparency requirements.

The Group’s consolidated sales totaled EUR 1,749.1 million and were thus 2.1 %, or EUR 35.3 million above the previous year’s value (1-3Q 2016: EUR 1,713.8 million). Both divisions contributed to the slight increase. With EUR 158.9 million, operating profit reached the previous year’s level (1-3Q 2016: EUR 160.2 million). The Group’s operating margin thus remained stable at 9.1 % (1-3Q 2016: 9.3 %). At EUR 113.3 million, the profit for the period almost reached the previous year’s figure (1-3Q 2016: EUR 115.5 million). Click Read More below for additional information.

Q1 2022 Highlights *Net Sales were $2,245 million versus $1,649 million in the prior year quarter. *Net Organic Sales increased 3% versus the prior year quarter driven by increased demand for innovative fiber-based packaging solutions and expansion into new market segments and geographies. *Net Income was $107 million versus $54 million in the prior year quarter. *Integration of recently expanded European platform continued; on track to deliver $40 million of synergies over three years. *New K2 Coated Recycled Paperboard (CRB) machine in Kalamazoo, Michigan began operating and the ramp in production is meeting expectations; on track to achieve $50 million in incremental EBITDA in 2022 and $130 million in incremental EBITDA over three years. *Global liquidity was $1,078 million at quarter end.