Lecta Ltd. Q4 2022 Performance

Lecta net sales of 355 M€ (Q3/22 – 481 M€) up by 1% compared to Q4/21,
driven by much higher sales prices and offset by clearly lower sales
volumes.

Successive price increases in 2022 compensated variable cost increases in
energy, raw materials and transportation.

Margin structures remained solid and further improved due to sales price
increases.

Lecta CWF Sales revenues +7% compared to Q4/21, price
driven and mostly offset by lower volumes. Successful price increases end Q3 strengthened margin
structure in Q4.

Specialties: Price increase end September for most Specialties improved margin
structure in Q4.