Results for the first three quarters of 2022

We continued to mitigate significant cost inflation through price adjustments, cost control and efficiency gains.

The Group’s consolidated sales amounted to EUR 3,450.4 million and were EUR 1,343.3 million
above the previous year’s value (1-3Q 2021: EUR 2,107.1 million). This rise mainly results from
the previous year’s acquisitions and passing on cost increases through higher prices.

In the course of continuous strong demand throughout most of the quarter and only selective necessary downtime at Board & Paper towards the end of the quarter as well as further price increases
to compensate for the ongoing strong cost inflation.