Beer and beverages

“Anora operates in structurally declining core markets characterised by changing consumer behaviour, increasing regulation, evolving channel dynamics and intensified competition.”

Annual report 2025A · The company itself

“Growth-related risks primarily relate to the successful execution of organic growth initiatives across categories, channels and markets.”

Annual report 2025A · The company itself

“In 2025, Anora Group’s net sales was EUR 657.9 (692.0) million, a decrease of 4.9% compared to the previous year. A significant part of the decline related to lower volumes in the filler services in Wine and the earlier changes in the partner portfolio in Spirits. The impact of exchange rate fluctuations was favourable by 0.7%.”

Annual report 2025A · The company itself

“In the Wine segment, net sales declined by 6.8% to EUR 301.1 (323.0) million. A significant part of the decline was due to Danish filler services, which were affected by a domestic market downturn and increased price competition in Denmark and Germany. Own and partner wine sales declined compared to last year due to the market share losses and challenging market dynamics.”

Annual report 2025A · The company itself

“In the Spirits segment, net sales declined by 5.2% to EUR 215.1 (227.0) million, explained mainly by earlier changes in the partner portfolio as well as challenging markets. Market shares declined in the monopoly channels. Koskenkorva's net sales grew from the previous year, representing almost 18% of the total Spirits sales.”

Annual report 2025A · The company itself

“Product launches during the year included aquavitbased AMP shots, Koskenkorva long drinks and new Blossa glögg variants.”

Annual report 2025A · The company itself

“Commercial execution supported continued growth of Koskenkorva and Anora regaining the number two position in wines in Sweden.”

Annual report 2025A · The company itself

“Risks Related to Our Business and Operations Our business performance depends substantially on the continued health of the Jack Daniel’s family of brands. The Jack Daniel’s family of brands is the primary driver of our revenue, and Jack Daniel’s is an iconic global trademark with a loyal consumer fan base.”

Annual report unknown yearA · The company itself

“For example, we have observed an increase in diversification by various consumer goods companies such as the entrance of both traditional beer and soft drink companies into the ready-to-drink market and the entrance of both beer and spirits companies into the cannabis market – expanding the potential for competition in the spirits market from various sectors of the consumer goods industry.”

Annual report unknown yearA · The company itself

“Many global spirits brands, including some of our brands, experience problems with product counterfeiting and other forms of trademark infringement.”

Annual report unknown yearA · The company itself

“Product innovation, particularly for our core brands, is a significant element of our growth strategy; however, there can be no assurance that we will continue to develop and implement successful line extensions, packaging, formulation or flavor changes, or new products.”

Annual report unknown yearA · The company itself

“Our brand names, trademarks, and related intellectual property rights are critical assets, and our business depends on protecting them online and in the countries where we do business.”

Annual report unknown yearA · The company itself

“We primarily manufacture, distill, bottle, import, export, market, and sell a wide variety of beverage alcohol products under recognized brands.”

Annual report unknown yearA · The company itself

“Brands Beginning in 1870 with Old Forester Kentucky Straight Bourbon Whisky – our founding brand – and spanning the generations since, we have built a portfolio of more than 40 spirit and ready-to-drink (RTD) cocktail brands that includes some of the best-known and most loved trademarks in our industry. The most important and iconic brand in our portfolio is Jack Daniel’s Tennessee Whiskey, the #1 selling American whiskey in the world.1 Within the Jack Daniel’s portfolio, Jack Daniel’s 14-Year-Old Tennessee Whiskey took home honors for World’s Best Tennessee Whiskey and Jack Daniel’s Bonded won the award for Best Tennessee Whiskey (No Age Statement) at the 2026 World Whiskies Awards.”

Annual report unknown yearA · The company itself

“The Jack Daniel’s family of brands, led by Jack Daniel’s Tennessee Whiskey (JDTW), is our most valuable asset – the engine of our overall financial performance and the foundation of our leadership position in the American whiskey category.1 We continually strive to strengthen the brand’s leadership position, and will work steadfastly to keep JDTW relevant to consumers worldwide. We will also pursue opportunities to grow the Jack Daniel’s family of brands across markets, premium-and-above price points, channels, and consumer groups.”

Annual report unknown yearA · The company itself

“In addition to the leadership of our Jack Daniel’s family of brands, we expect strong worldwide growth from our other whiskey brands, particularly Woodford Reserve and Old Forester. Woodford Reserve is the leading super-premium American whiskey globally,1 growing volumes at a strong double-digit compound annual growth rate since the brand was introduced over 25 years ago.”

Annual report unknown yearA · The company itself

“Our tequila portfolio is led by two brands steeped in Mexican heritage, Herradura and el Jimador. We remain committed to the growth of our tequila business in the United States and the long-term growth prospects for the category globally.”

Annual report unknown yearA · The company itself

“We believe that our Scotch whiskies, The Glendronach, Benriach, and Glenglassaugh, and our Irish whiskey, Slane, are well positioned in their respective categories. We expect these brands to contribute meaningfully over the longer term.”

Annual report unknown yearA · The company itself

“We continue to invest in the global expansion of our established RTD brands, most notably New Mix, which has demonstrated sustained leadership in Mexico and is now being introduced to select markets in the United States. This expansion reflects our broader desire to leverage our tequila expertise and meet growing consumer demand for authentic, spirit-based cocktails.”

Annual report unknown yearA · The company itself

“As a result, consumers may begin to shift their consumption and purchases away from our premium and super-premium products, or away from alcoholic beverages entirely.”

Annual report unknown yearA · The company itself

“Traction undviker att engagera sig i företag som enligt Traction inte tillför någon egentlig nytta för sin kund eller samhället i stort utan istället mest bidrar till tragedier i form av beroende, fattigdom, dödsfall eller annat onödigt lidande. Exempel på detta är företag som sysslar med sprit, droger, tobak och spelbolag där syftet är att införliva kunden i ett spelberoende där kunden spelar bort sina besparingar.”

Annual report 2024A · The company itself

“Residential customers make up a substantial portion of the Company’s customer base in all of the states in which it operates. The Company also serves (i) commercial customers, such as food and beverage providers, commercial property developers and proprietors, and energy suppliers, (ii) fire service customers, where the Company supplies water through its distribution systems to public fire hydrants for firefighting purposes and to private fire customers for use in fire suppression systems in office buildings and other facilities, (iii) industrial customers, such as large-scale manufacturers, mining and production operations, (iv) public authorities, such as government buildings and other public sector facilities, including schools and universities, and (v) other utilities and community water and wastewater systems in the form of bulk contracts for the supply of water or the treatment of wastewater for their own customers.”

Annual report 2025A · The company itself

“Table of Contents Label materials are sold worldwide to converters for labeling, decorating and specialty applications in the food, home and personal care, beer and beverage, durables, pharmaceutical, wine and spirits and logistics market segments.”

Annual report 2025A · The company itself

“Aluminum beverage containers are primarily sold under multi-year supply contracts to fillers of carbonated soft drinks, beer, energy drinks and other beverages.”

Annual report 2025A · The company itself

“We manufacture packaging products primarily for beverages.”

Annual report 2025A · The company itself

“We sell our aluminum packaging products mainly to large, multinational beverage, personal care and household products companies with which we have developed long-term relationships.”

Annual report 2025A · The company itself

“Through its subsidiaries, McLane also operates wholesale distributors of distilled spirits, wine and beer. The beverage unit operates as Empire Distributors, with operations conducted through 14 distribution centers in Georgia, North Carolina, Tennessee and Colorado.”

Annual report unknown yearA · The company itself

“Biovanillin is supplied to flavour and fragrance companies, as well as to the food and beverage industry.”

Annual report 2024A · The company itself

“(1 299,0) MSEK, en ökning med 27 procent jämfört med föregående år (27 procent vid CER), främst relaterat till försäljningen av Buvidal i Europa och Australien.”

Annual report 2024A · The company itself

“Mainstream core beer Share of total volume 49%”

Annual report 2025A · The company itself

“Premium beer Share of total volume 16%”

Annual report 2025A · The company itself

“Beyond Beer Share of total volume 2%”

Annual report 2025A · The company itself

“In 2025, soft drinks accounted for 30% of total Group volumes.”

Annual report 2025A · The company itself

“Our Accelerate SAIL strategy provides a clear focus on stepping up investment in support of the key growth categories of premium beer, alcohol-free brews, soft drinks and Beyond Beer. See pages 19-21 for examples of how we execute on Accelerate SAIL.”

Annual report 2025A · The company itself

“We took significant steps in 2024 and 2025 to increase our exposure to the combination of beer and soft drinks, unlocking new opportunities for growth and value creation. Building a consumer-centric, diversified beverage portfolio strengthens our position as a world-class brewer with an attractive portfolio of international brands, including Carlsberg, Tuborg and 1664 Blanc, and local brands, such as Falcon in Sweden, Chongqing in China and Pirinsko in Bulgaria, and enables us to meet a wider range of consumer needs and occasions.”

Annual report 2025A · The company itself

“We deliver attractive portfolios for all consumer occasions Our brand portfolio is an appealing mix of international and local premium beer brands, local core mainstream beer brands, and alcohol-free brews, Beyond Beer and soft drinks brands.”

Annual report 2025A · The company itself

“The new bottling agreement with PepsiCo for Kazakhstan and Kyrgyzstan will double our business in Kazakhstan, placing it among the Group’s top 10 markets.”

Annual report 2025A · The company itself

“The collaboration between Lao Brewery and PepsiCo has lasted more than five decades, playing a key role in growing the soft drinks category in Laos and bringing iconic brands such as Pepsi, Mirinda, 7UP and Sting to local consumers. In January 2025, we expanded the partnership further to include PepsiCo’s snack products, followed by the launch of Lipton Ready-to-Drink tea in July.”

Annual report 2025A · The company itself

“Soft drinks and other beverages volumes doubled due to Britvic. The organic growth of 1.7% was higher than for beer and was driven by mid-single-digit volume growth in Western Europe and very strong growth in CEEI due to Pepsi shipments in Kazakhstan in Q4.”

Annual report 2025A · The company itself

“Organic revenue development of -0.6% was impacted by the loss of the San Miguel brand (“San Miguel”) in the UK from 1 January 2025.”

Annual report 2025A · The company itself

“The acquisition of Britvic has transformed our UK business, and added Irish and French soft drinks businesses to the regional footprint. More than 55% of regional volumes are now soft drinks.”

Annual report 2025A · The company itself

“The volume development was impacted by the loss of San Miguel, excluding which volumes grew organically 1.3%, mainly driven by the 4.3% growth for soft drinks and other beverages, and strong growth for premium beer (excluding San Miguel) and AFB.”

Annual report 2025A · The company itself

“Volumes in Denmark grew by low-single-digit percentages, driven by soft drinks, energy drinks, premium and AFB.”

Annual report 2025A · The company itself

“Our Swedish business had another very good year with solid growth, driven by soft drinks and premium beer, the latter supported by growth for 1664 Blanc and Eriksberg.”

Annual report 2025A · The company itself

“Soft drinks and other beverages delivered strong organic volume growth of 7.1%, mainly due to the sell-in of Pepsi products in Kazakhstan in Q4.”

Annual report 2025A · The company itself

“Onboard and Other Revenues In 2025, we earned 34% of our cruise revenues from onboard and other revenue goods and services including: •Beverage sales •Internet and communication services •Casino gaming •Full-service spas •Shore excursions and experiences •Specialty restaurants •Retail sales •Photo sales Many of these goods and services are available for purchase prior to embarkation and can be purchased individually or as a bundled value added package.”

Annual report 2025A · The company itself

“All stores carry a broad selection of food items (which at most stores includes, but is not limited to, prepared foods such as regular and breakfast pizza, donuts, hot breakfast items, and hot and cold sandwiches), beverages, tobacco and nicotine products, groceries, health and beauty aids, automotive products, and other non-food items.”

Annual report 2026A · The company itself

“Långsiktiga kundrelationer Ett starkt kassaflöde säkerställs genom långa relationer med en stor bredd av kunder. Flera av dem tillhör marknadens största aktörer och har samhällsbärande funktioner.”

Annual report 2024A · The company itself

“Salget af forbrugsvarer og serviceydelser er primært drevet af antallet af instrumenter på markedet, herunder antallet af nye instrumenter, som er blevet taget i brug i løbet af året hos kunderne.”

Annual report 2025A · The company itself

“Omsætningen fordelte sig på forretningsområderne med 92% fra LCB-markedet (Life science research, Celle- og genterapi og Bioprocessing) og 8% fra markedet for produktionsog kvalitetskontrol af dyresæd, øl og mælk.”

Annual report 2025A · The company itself

“Det sidstnævnte forretningsområde udgør ca. 1% af den samlede omsætning, og markedet er ikke højt prioriteret hos ChemoMetec og har ikke været det i en længere årrække. Vi har derfor valgt fra og med regnskabsåret 2024/25 at slå de to forretningsområder sammen og ikke knytte selvstændige kommentarer til udviklingen inden for produktionskontrol af øl og kvalitetskontrol af mælk.”

Annual report 2025A · The company itself

“We own or license and market numerous beverage brands, which we group into the following categories: Trademark Coca-Cola; sparkling flavors; water, sports, coffee and tea; juice, value-added dairy and plant-based beverages; and emerging beverages.”

Annual report 2025A · The company itself

“Our concentrate operations typically generate net operating revenues by selling beverage concentrates, sometimes referred to as “beverage bases,” syrups, including fountain syrups, and certain finished beverages to authorized bottling operations (to which we typically refer as our “bottlers” or our “bottling partners”).”

Annual report 2025A · The company itself

“We own and market numerous valuable beverage brands, including the following: •sparkling soft drinks: Coca-Cola, Diet Coke/Coca-Cola Light, Coca-Cola Zero Sugar, Fanta, Fresca, Schweppes1, Sprite and Thums Up; •water, sports, coffee and tea: Aquarius, Ayataka, BODYARMOR, Ciel, Costa, Crystal, Dasani, Fuze Tea, Georgia, glacéau smartwater, glacéau vitaminwater, Gold Peak, I LOHAS, Powerade and Topo Chico; and •juice, value-added dairy and plant-based beverages: Core Power, Del Valle, fairlife, innocent, Maaza, Minute Maid, Minute Maid Pulpy, Santa Clara and Simply.”

Annual report 2025A · The company itself

“Sparkling soft drinks represented 69% of our worldwide unit case volume in both 2025 and 2024.”

Annual report 2025A · The company itself

“For instance, the Company has directly entered the alcohol beverage category in numerous markets outside the United States, and in the United States, the Company has established a wholly owned, indirect, firewalled subsidiary, which uses third-party manufacturers and distributors to produce, distribute and sell alcohol products in the United States and also authorizes alcohol-licensed third parties to use certain of our trademarks and related intellectual property on alcohol beverages that contain Company beverage bases.”

Annual report 2025A · The company itself

“In the vast majority of our markets, our products are sold and distributed by independent bottling partners, and we therefore derive a significant portion of our net operating revenues from sales of concentrates and syrups to independent bottling partners.”

Annual report 2025A · The company itself

“BUSINESS INTRODUCTION We are an international producer and marketer of beer, wine, and spirits with operations in the U.S., Mexico, New Zealand, and Italy with powerful, consumer-connected, high-quality brands like Modelo Especial, Corona Extra, Pacifico, Victoria, Kim Crawford, Ruffino, The Prisoner Wine Company, Robert Mondavi Winery, Mi CAMPO, and High West.”

Annual report 2026A · The company itself

“Wine and Spirits segment We are a higher-end wine and spirits company in the U.S. market, with a portfolio that we believe is positioned for long-term growth.”

Annual report 2026A · The company itself

“In the Beer segment, our portfolio consists of high-end imported beer brands and ABAs. We have an exclusive perpetual brand license to produce our beer portfolio and to import, market, and sell such portfolio in the U.S.”

Annual report 2026A · The company itself

“In the Wine and Spirits segment, we sell a portfolio comprised of exclusively higher-end wine and spirits brands.”

Annual report 2026A · The company itself

“Divestitures, Acquisitions, and Investments Beer segment Mexicali Brewery sale In July 2024, we sold the remaining assets classified as held for sale at the canceled Mexicali Brewery.”

Annual report 2026A · The company itself

“2025 Wine Divestitures On June 2, 2025, we sold and, in certain instances, exclusively licensed the trademarks of a portion of our wine and spirits business, primarily centered around our then-owned mainstream wine brands and associated inventory, wineries, vineyards, offices, and facilities. We received $845.9 million of cash proceeds, which were used for the repayment of debt.”

Annual report 2026A · The company itself

“SVEDKA Divestiture On January 6, 2025, we sold the SVEDKA brand and related assets, primarily including inventory and equipment. We received $409.2 million of cash proceeds, which were used for general corporate purposes, including funding share repurchases, capital expenditures, and repayment of debt.”

Annual report 2026A · The company itself

“During 2026, the margins in the dry cargo operator activities are expected to continue to improve, while tanker margins should remain strong in the first half before easing later in the year.”

Annual report 2025A · The company itself

“Vessel sizes range from MPP (5,000 dwt) to Capesize (200,000 dwt) as well as product tankers.”

Annual report 2025A · The company itself

“During fiscal 2026, the average check per person, defined as total sales divided by number of entrées sold, was approximately $25.00, with alcoholic beverages accounting for 4.1 percent of Olive Garden’s sales.”

Annual report 2026A · The company itself

“During fiscal 2026, the average check per person was approximately $28.50, with alcoholic beverages accounting for 8.1 percent of LongHorn Steakhouse’s sales.”

Annual report 2026A · The company itself

“During fiscal 2026, the average check per person was approximately $37.00, with alcoholic beverages accounting for 28.9 percent of Yard House’s sales.”

Annual report 2026A · The company itself

“During fiscal 2026, the average check per person was approximately $104.00, with alcoholic beverages accounting for 18.7 percent of Ruth’s Chris’ sales.”

Annual report 2026A · The company itself

“During fiscal 2026, the average check per person was approximately $19.50, with alcoholic beverages accounting for 6.4 percent of Cheddar’s Scratch Kitchen’s sales.”

Annual report 2026A · The company itself

“During fiscal 2026, the average check per person was approximately $107.00, with alcoholic beverages accounting for 25.6 percent of The Capital Grille’s sales.”

Annual report 2026A · The company itself

“During fiscal 2026, the average check per person was approximately $20.00, with alcoholic beverages accounting for 11.4 percent of Chuy’s sales.”

Annual report 2026A · The company itself

“During fiscal 2026, the average check per person was approximately $53.00, with alcoholic beverages accounting for 21.3 percent of Seasons 52’s sales.”

Annual report 2026A · The company itself

“During fiscal 2026, the average check per person was approximately $126.00, with alcoholic beverages accounting for 26.4 percent of Eddie V’s sales.”

Annual report 2026A · The company itself

“During fiscal 2026, the average check per person was approximately $38.00, with alcoholic beverages accounting for 19.0 percent of Bahama Breeze’s sales.”

Annual report 2026A · The company itself

“During fiscal 2026, the average check per person was approximately $37.00, with alcoholic beverages accounting for 25.5 percent of The Capital Burger’s sales.”

Annual report 2026A · The company itself

“The primary customer segments are cold chain, FMCG/ retail, industrials, and automotive.”

Annual report 2025A · The company itself

“Consumables is our largest merchandise category and includes paper and cleaning products (such as paper towels, bath tissue, paper dinnerware, trash and storage bags, disinfectants, and laundry); packaged food (such as cereals, pasta, canned soups, canned meats, fruits and vegetables, condiments, spices, sugar and flour); perishables (such as milk, eggs, bread, refrigerated and frozen food, beer, wine and produce); snacks (such as candy, cookies, crackers, salty snacks and carbonated beverages); health and beauty (such as over-the-counter medicines and personal care products including soap, body wash, shampoo, cosmetics, dental hygiene and foot care products); pet (such as pet supplies and pet food); and tobacco products.”

Annual report 2026A · The company itself

“We have entered into a multi-year agreement with Coca-Cola®. This contract, renegotiated in December 2023, provides for Coca-Cola to continue to be our exclusive beverage supplier and expires on December 31, 2030 or at such time as a minimum number of cases of Coca-Cola products are purchased by Domino’s, whichever occurs later.”

Annual report 2025A · The company itself

“We are subject to regulatory review, proceedings, and audits pursuant to national, federal, state, and local laws regulating the sale and delivery of alcoholic beverages and other regulated products. These regulations and laws may dictate matters such as licensing, permitting, or other governmental review requirements, advertising restrictions, and consumer age verification.”

Annual report 2025A · The company itself

“•Our Imaging & Identification segment supplies precision marking and coding, product traceability, brand protection and digital textile printing equipment, as well as related consumables, software and services to the global packaged and consumer goods, pharmaceutical, industrial manufacturing, textile and other end-markets. •Our Pumps & Process Solutions segment manufactures specialty pumps and flow meters, fluid transfer connectors, highly engineered precision components, instruments and digital controls for rotating and reciprocating machines, polymer processing equipment, measurement, inspection, and control technologies, serving single-use biopharmaceutical production, diversified industrial manufacturing applications, chemical production, plastics and polymer processing, midstream and downstream oil and gas, clean energy markets, thermal management, wire and cable, food and beverage, semiconductor production and medical applications and other end-markets. •Our Climate & Sustainability Technologies segment is a provider of innovative and energy-efficient equipment, components, solutions, services and parts for the commercial refrigeration, heating and cooling and beverage can-making equipment end-markets.”

Annual report 2025A · The company itself

“The other business in this segment designs and manufactures machinery and associated spare parts used for aluminum can-making, along with providing turnkey can line solutions. The majority of the products that are manufactured or serviced by the Climate & Sustainability Technologies segment are used by the retail food industry, including supermarkets, "big-box" retail and convenience stores, the commercial/industrial refrigeration and HVAC industry, food production markets and beverage can-making industries.”

Annual report 2025A · The company itself

“The organic revenue decline was primarily due to project timing in retail refrigeration door cases and services, partially offset by continued strong demand for low-GWP CO2 refrigerant systems and improving demand across beverage can-making and heat exchanger applications.”

Annual report 2025A · The company itself

“The British company Kammac is a exible and reliable contract logistics provider that provides supply chain management services to a wide range of companies within, for example, food and beverages and health care.”

Annual report 2024A · The company itself

“Thomas Körmendi, CEO letter to shareholders This is Elopak Elopak at a glance From beverages to home and personal care, liquids need proper packaging solutions.”

Annual report 2024A · The company itself

“N/A Low Risk type Risk factor Description Response Material topics Risk appetite Profit Market dynamics – consumption Downward pressure in dairy and juice consumption can be observed.”

Annual report 2024A · The company itself

“Harboe er Danmarks 3. største bryggeri”

Annual report 2026A · The company itself

“Vi har understøttet salget og profileringen af både Harboe øl og sodavand”

Annual report 2026A · The company itself

“med energidrikke under egne brands”

Annual report 2026A · The company itself

“vores maltdrik, Hyper Malt”

Annual report 2026A · The company itself

“Harboes Bryggeri A/S Folkets Bryggeri Vi brygger for at samle Årsrapport 2025/26 Harboe fik i 2025/26 en nettoomsætning på 1.742 mio. kr., og EBITDA blev 129 mio. kr.”

Annual report 2026A · The company itself

“Og på trods af den faldende efterspørgsel på øl har vi formået at tage markedsandele og øge salget af Harboe øl 1 i Danmark.”

Annual report 2026A · The company itself

“Også nye produktlanceringer inden for blandt andet læskedrikke og energidrikke er med til at drive væksten på det danske marked.”

Annual report 2026A · The company itself

“Samlet betyder disse kommercielle prioriteringer, at omsætningen af egne brands i Beverageforretningen i regnskabsåret udgør 57% af omsætningen i segmentet mod 51% sidste år.”

Annual report 2026A · The company itself

“Foreslået udbytte 2) Ny opgørelsesmetode Harboes sodavand er populære i Danmark Harboe sodavand er et af vores største brands, og 54% af de danske forbrugere købte i 2025 en Harboe sodavand 1 .”

Annual report 2026A · The company itself

“Kauza Harboe er Folkets Bryggeri Harboe er Danmarks 3. største bryggeri, og sammen med vores datterselskab i Tyskland – Darguner Brauerei GmbH – producerer og markedsfører vi vores drikkevarer og ingredienser på en lang række markeder verden over.”

Annual report 2026A · The company itself

“Beverage-segmentet havde samlet set et fald i volumen på 10%, mens omsætningsnedgangen udgjorde 6%.”

Annual report 2026A · The company itself

“HD Nettoomsætning fordelt på markeder S 28 Ledelsesberetning Harboes Bryggeri A/S Årsrapport 2025/26 Harboe Beverages kort fortalt Salg og markedsføring af drikkevarer er Harboes kerneforretning. Harboes drikkevarer sælges og markedsføres i vid udstrækning til de store kunder i detailhandlen i Danmark og Tyskland, til den dansk-tyske grænsehandel samt på udvalgte markeder i Europa, Afrika, Americas og Asien.”

Annual report 2026A · The company itself

“Salget af økologisk sodavand er i vækst, og EGO sodavand er på få år blevet den mest solgte økologiske sodavand i Danmark med en værdiandel på 43% 1 .”

Annual report 2026A · The company itself

“Eksport 33% Tyskland 33% Danmark 34% Salget af alkoholfri øl steg det seneste år med 9%, mens Harboes 0,0% Pilsner og 0,0% Classic leverede en vækst på hele 20% 1 .”

Annual report 2026A · The company itself

“Til gengæld er der sket en gradvis værdistigning på ølmarkedet, som er drevet af et stigende salg af bl.a. specialøl.”

Annual report 2026A · The company itself

“Markedet for alkoholfrie øl er til gengæld i vækst, og alene på det danske marked steg det samlede salg i detailhandlen med mere end 9% 1 i 2025.”

Annual report 2026A · The company itself

“Salget af læskedrikke er i fortsat vækst og steg i Danmark med 2,6% det seneste år 1 .”

Annual report 2026A · The company itself

“I Danmark er hovedparten af omsætningen egne brands, hvor det brede sortiment fortrinsvist markedsføres i prisstartersegmentet, mens specialprodukter som økologiske sodavand og energidrikke er prissat lidt højere.”

Annual report 2026A · The company itself

“Produktionslinjen vil bidrage til en mere effektiv produktion af drikkevarer på PET-flasker, herunder særligt sodavand, som er en fortsat voksende kategori inden for drikkevarer.”

Annual report 2026A · The company itself

“Hershey is a global confectionery leader known for making more moments of goodness through chocolate, sweets, mints, and other great tasting snacks. We are the largest producer of quality chocolate in North America, a leading snack maker in the United States and a global leader in chocolate and non-chocolate confectionery. We market, sell, and distribute our products under more than 85 brand names in approximately 65 countries worldwide.”

Annual report 2025A · The company itself

“This organizational structure aligns with how our Chief Operating Decision Maker (“CODM”) manages our business, including resource allocation and performance assessment, and further aligns with our product categories and the key markets we serve. •North America Confectionery – This segment is responsible for our traditional chocolate and non-chocolate confectionery market position in the United States and Canada. This includes our business in chocolate and non-chocolate confectionery, gum and refreshment products, protein bars, spreads, snack bites and mixes, as well as pantry and food service lines.”

Annual report 2025A · The company itself

“•North America Salty Snacks – This segment is responsible for our salty snacking products in the United States. This includes ready-to-eat popcorn, baked and trans fat-free snacks, pretzels, and other snacks. •International – International is a combination of all other operating segments that are not individually material, including those geographic regions where we operate outside of North America.”

Annual report 2025A · The company itself

“Kunderna är i huvudsak den globala fordons- och verkstadsindustrins systemleverantörer, bygg- och anläggningsbranschen och inom sektorer som transport, energi och konsument samt kabelindustrin och tillverkare av medicinteknik, plattvärmeväxlare och truckar.”

Annual report 2024A · The company itself

“In addition to targeting multiple segments within human nutrition, such as sports nutrition, supplements, and health foods, the Group also serves the pet and feed industries, further reducing reliance on any single market.”

Annual report 2024A · The company itself

“Scent Our Scent segment creates fragrance compounds and fragrance ingredients that are integral elements in the world’s finest perfumes and best-known household and personal care products.”

Annual report 2025A · The company itself

“Our fine fragrances focus on perfumes and colognes, creating global and local namesake brands, from high luxury to mass market, from market leading to ultra-niche products.”

Annual report 2025A · The company itself

“Our products are sold principally to manufacturers of dairy, meat, beverages, snacks, savory, sweet, baked goods, grain processors and other foods, personal care products, soaps and detergents, cleaning products, perfumes, dietary supplements, food protection, infant, elderly and animal nutrition, functional food, bio-fuel, and oral care products.”

Annual report 2025A · The company itself

“For instance, product liability claims may arise from supplying ingredients to food, beverage, and personal care industries, while the operation of our facilities may expose us to environmental and personal injury claims, regulatory actions, and fines.”

Annual report 2025A · The company itself

“These products support customers in industries such as food and beverage, agriculture, industrial manufacturing, personal care pharmaceuticals and consumer goods.”

Annual report 2025A · The company itself

“EN STARK OCH HÅLLBAR PORTFÖLJ  NOTERADE BOLAG Electrolux Professional www.electroluxprofessional.com En global ledare inom lösningar för professionella användare inom livsmedel, dryck och tvätt.”

Annual report 2022A · The company itself

“2) Kundgrupperna är indelade efter de branscher inom vilka kunderna verkar. Övriga kundgrupper består till stor del av distributörer, konsumentelektronik, apotek och hälsa/skönhet.”

Annual report 2024A · The company itself

“BUSINESS OUR COMPANY Keurig Dr Pepper Inc. is a leading beverage company in North America that manufactures, markets, distributes, and sells hot and cold beverages and single serve brewing systems.”

Annual report 2025A · The company itself

“We have a broad portfolio of iconic beverage brands, including Dr Pepper, Canada Dry, Mott's, A&W, Peñafiel, GHOST, 7UP, Snapple, Green Mountain Coffee Roasters, Clamato, The Original Donut Shop, and Core Hydration, as well as the Keurig brewing system.”

Annual report 2025A · The company itself

“Coffee segment is primarily a brand owner, manufacturer, and distributor of innovative single serve brewers, specialty coffee (including hot and iced varieties), and RTD coffee in the U.S. Our Keurig single serve brewers are aimed at changing the way consumers prepare and enjoy coffee and other beverages both at home and away from home in places such as offices, hotels, restaurants, cafeterias, and convenience stores. We create value by developing and selling our Keurig single serve brewers and by expanding Keurig brewer household adoption, which enables sales of specialty coffee and a variety of other specialty beverages in K-Cup pods (including hot and iced teas, hot cocoa, and other beverages) for use with Keurig brewers.”

Annual report 2025A · The company itself

“For example, the Dr Pepper trademark and formula is owned by Coca-Cola in some countries outside North America.”

Annual report 2025A · The company itself

“Branded product sales, which include LRBs, K-Cup pods, appliances, and other, occur once control is transferred upon delivery to the customer.”

Annual report 2025A · The company itself

“JDE Peet's is a global pure-play coffee company with a portfolio of leading brands including Jacobs, L'OR, and Peet's.”

Annual report 2025A · The company itself

“GHOST is a lifestyle sports nutrition business with a portfolio anchored by GHOST Energy, a leading RTD energy brand.”

Annual report 2025A · The company itself

“The beverage industry is highly competitive and continues to evolve in response to changing consumer preferences. We compete with multinational corporations that can rapidly respond to competitive pressures and changes in consumer preferences by introducing new products, changing their route-to-market, reducing prices, or increasing promotional activities.”

Annual report 2025A · The company itself

“Some of the major national and regional companies that are tenants in the Company's shopping center properties include The TJX Companies, Ross Stores, Burlington Stores, Inc., Amazon/Whole Foods Market, Albertsons Companies, Inc., PetSmart, The Home Depot, Ahold Delhaize, Dick's Sporting Goods, and Kroger.”

Annual report 2025A · The company itself

“Description of the Company: We manufacture and market food and beverage products around the world through our eight consumer-driven product platforms: Taste Elevation, Easy Ready Meals, Substantial Snacking, Desserts, Hydration, Cheese, Coffee, Meats, and other grocery products.”

Annual report 2025A · The company itself

“Industry Risks We operate in a highly competitive industry. The food and beverage industry is highly competitive across all of our product offerings. Our principal competitors in these categories are manufacturers and retailers with their own branded and private label products.”

Annual report 2025A · The company itself

“The business specializes in customized mid- and short-run packaging solutions, serving a diverse customer base in the pharmaceutical, dairy, household chemicals, food/nutraceuticals, industrial/specialty chemicals, water and beverage/juice industries.”

Annual report 2025A · The company itself

“Consequently, changes in consumer preferences for products in the industries that Altium Packaging serves or the packaging formats in which such products are delivered, whether as a result of changes in cost, convenience or health, environmental and social concerns, perceptions regarding plastics or otherwise, may result in a decline in the demand for Altium Packaging’s plastic container products.”

Annual report 2025A · The company itself

“•Average commercial and industrial loans grew $2.6 billion reflecting higher average balances of loans to financial and insurance companies and motor vehicle and recreational finance dealers. •Average commercial real estate loans declined $5.3 billion as the Company executed various strategies to reduce its relative concentration of such loans.”

Annual report 2025A · The company itself

“Development of business operations Consumerboard (folding boxboard) In 2025, folding boxboard deliveries amounted to 890,000 tonnes (992,000), of which 59% (56) was delivered to Europe, 22% (24) to the Americas, and 19% (20) to developing markets.”

Annual report 2025A · The company itself

“Table of Contents Process Analytics Our process analytics business provides instruments for the in-line measurement of liquid and gas parameters used primarily in the production process of pharmaceutical, biotech, beverage, micro-electronics, chemical, and refining companies, as well as power plants.”

Annual report 2025A · The company itself

“Our Coors Light and Miller Lite brands in the Americas represented approximately 55% of segment net sales in 2025 while, Carling, Staropramen, Coors, Madrí Excepcional, Ožujsko, and Bergenbier brands in EMEA&APAC represented approximately 45% of segment net sales in 2025, with several of our other brands representing a significant share of their respective markets.”

Annual report 2025A · The company itself

“Other Revenue Generating Activities We contract manufacture for other brewers in some of our markets. These contractual agreements require us to brew, package and ship certain brands for these brewers, who then sell the products to their own customers in their respective markets.”

Annual report 2025A · The company itself

“We also have licensing agreements with third-party partners who brew and distribute our products in various markets across our segments. Under these agreements, we are compensated based on the amount of products sold by our partners in these markets at an agreed upon royalty rate or profit percentage. We apply the sales-based royalty practical expedient to these licensing arrangements and recognize revenue as product is sold by our partners at the agreed upon rate.”

Annual report 2025A · The company itself

“Reporting Segments Americas Our Americas segment consists of the production, importing, marketing, distribution and sales of our owned brands, partner brands and licensed brands in the U.S., Canada and various countries in Latin America. We have agreements to brew, import, package, market, promote, distribute and/or sell certain products in the Americas as well as joint venture arrangements in Canada to distribute beer in Ontario and the western provinces of Canada.”

Annual report 2025A · The company itself

“For example, with regard to our Alcohol Brands, the broader alcohol industry is experiencing a shift in drinking preferences and behaviors, moving away from traditionally popular beer brands and segments and towards premium beers, imports, hard seltzers, FMBs, ready-to-drink malt-based, sugar-based, and spirits-based beverages, CBD and other cannabis beverages, and other similar beverages as well as an increasing focus on low and no-alcohol beverages.”

Annual report 2025A · The company itself

“The Company’s subsidiaries primarily develop and market energy drinks.”

Annual report 2025A · The company itself

“Most of our sales are currently derived from our energy drinks. Any decrease in the sales of our Monster Energy® brand and other energy drinks could significantly adversely affect our future revenues and net income.”

Annual report 2025A · The company itself

“We have continued expanding our energy drink operations internationally into a variety of new markets.”

Annual report 2025A · The company itself

“The Company’s Alcohol Brands segment primarily generates operating revenues by selling kegged and ready-to-drink canned beers, FMBs and hard seltzers, primarily to beer distributors in the United States.”

Annual report 2025A · The company itself

“Alcohol Brands Distribution Agreements Monster Brewing Company has entered into agreements with various beer distributors, both in the United States and, to a limited extent, internationally, providing for the distribution of our alcohol products.”

Annual report 2025A · The company itself

“Many of our bottlers/distributors are affiliated with and manufacture and/or distribute other carbonated, non-carbonated, non-alcohol, alcohol and other beverage products. In many cases, such products compete directly with our products.”

Annual report 2025A · The company itself

“Index Clients use our indexes to support many areas of the investment process, including for developing indexed financial products (e.g., ETFs, mutual funds, annuities, futures, options, structured products, over-the-counter derivatives), performance benchmarking, portfolio construction and rebalancing, asset allocation, and creating custom indexes.”

Annual report 2025A · The company itself

“Table of Contents Other Operations Customer Supply – NEER provides commodities-related products to customers, including municipal utilities and cooperatives, engages in energy-related commodity marketing and trading activities and includes the operations of a retail electricity provider and ownership interests in natural gas and oil shale formations located primarily in the South region of the U.S.”

Annual report 2025A · The company itself

“Inom marknadsområdet levererar Nolato kritiska komponenter till bland annat brandsäkra kabelgenomförningar, kaffemaskiner och premiumverktyg.”

Annual report 2024A · The company itself

“Food & Beverages Household Care Human Health Agriculture, Energy & Tech Our food ingredient and processing biosolutions improve the taste, texture, appearance and nutritional profile of food and beverages, while helping our customers lower costs, increase yields, and enhance nutritional quality.”

Annual report 2025A · The company itself

“Organic sales growth 74 % of divisional sales 7 % Organic sales growth 35 % of divisional sales 10 % Organic sales growth 26 % of divisional sales 6 % Organic sales growth 65 % of divisional sales 35.8 % Adjusted EBITDA margin 45 % of total sales 6 % Organic sales growth 38.2 % Adjusted EBITDA margin Business Our business model This page contains CSRD disclosure requirement: SBM-1.”

Annual report 2025A · The company itself

“Products, Markets, and Workforce: Products and Services: Odfjell specializes in transporting chemicals and other liquid products, focusing on specialty and easy chemicals, as well as vegetable oils and, in specific cases, clean petroleum products (CPP).”

Annual report 2024A · The company itself

“Liiketulos (50 %), Alkoholittomien tuotteiden liikevaihdon kasvu (40 %), Oman valmistuksen CO e -päästöjen väheneminen (10 %) 2025–2027 (k) Liiketulos (50 %), Alkoholittomien tuotteiden liikevaihdon kasvu (40 %), Oman valmistuksen CO e -päästöjen väheneminen (10 %) * ) TSR on sidottu Olvin A-osakkeen vaihdolla painotettuun keskikurssiin 1.12.2024-31.1.2025 ja maksettuihin osinkoihin ohjelman käynnistymisestä 31.1.2025 saakka.”

Annual report 2025A · The company itself

“Olvi odottaa orgaanista kasvua alkoholittomista tuotekategorioista sekä tavoittelee pitävänsä tai kasvattavansa markkinaosuutta alkoholillisissa tuotekategorioissa.”

Annual report 2025A · The company itself

“Myyntivolyymi laski tammi-joulukuussa 2,0 prosenttia ja oli 970,1 (989,7) miljoonaa litraa.”

Annual report 2025A · The company itself

“Olvi-konsernin strategisten tavoitteiden mukaisesti alkoholittomien tuotteiden osuus kokonaismyynnistä kasvoi ja oli 43,6 (42,9) prosenttia.”

Annual report 2025A · The company itself

“Alkoholittomista tuoteryhmistä myyntivolyymit kasvoivat vesissä, virvoitus-, energia- ja urheilujuomissa.”

Annual report 2025A · The company itself

“Poikkeuksena alkoholillisista tuotekategorioista hard seltzerit jatkavat edelleen kasvuaan. Olvi on tässä kategoriassa selvä markkinajohtaja.”

Annual report 2025A · The company itself

“Esimerkiksi Olvin oluen markkinaosuus on muutoksista huolimatta säilynyt johtavana yli 50 prosentissa.”

Annual report 2025A · The company itself

“Olvin arvion mukaan esimerkiksi oluen myyntivolyymi laski 8,3 prosenttia vuoden aikana.”

Annual report 2025A · The company itself

“Samoin vuonna 2021 hankitun Piebalgas-olutbrändin myynti kasvoi merkittävästi, OLVI OYJ 2 joten tuotevalikoiman laajennusten avulla on saatu kasvua muuten laskevassa olutmarkkinassa.”

Annual report 2025A · The company itself

“Liiketoiminnan painopisteen muutos omiin brändeihin on käynnissä, ja esimerkiksi Jolly-virvoitusjuomabrändin markkinaosuus virvoitusjuomissa on parantunut selvästi.”

Annual report 2025A · The company itself

“Yritysryhmään kuuluvat panimotuotteisiin keskittyvät Brewery International -yhtiöt sekä laadukkaisiin viineihin ja väkeviin alkoholijuomiin keskittyvät Mission Wine & Spirits -yhtiöt.”

Annual report 2025A · The company itself

“Revenue by Industry Revenue by industry sector: Year Ended December 31, 2025 2024 2023 Pharmaceuticals and Healthcare 15 % 16 % 16 % Food and Beverage 15 % 15 % 15 % Auto 12 % 12 % 12 % Consumer Products 9 % 10 % 8 % Financial Services 8 % 7 % 8 % Retail 8 % 6 % 6 % Technology 8 % 8 % 8 % Travel and Entertainment 7 % 7 % 7 % Government 3 % 4 % 4 % Telecommunications 3 % 3 % 4 % Services 3 % 3 % 2 % Oil, Gas and Utilities 2 % 2 % 2 % Not-for-Profit 1 % 1 % 1 % Education 1 % 1 % 1 % Other 5 % 5 % 6 % Total 100 % 100 % 100 % 25 Operating Expenses The year-over-year change in operating expenses:”

Annual report 2025A · The company itself

“Natural Gas Liquids - Our Natural Gas Liquids segment’s counterparties are primarily NGL and natural gas gathering and processing companies; major and independent crude oil and natural gas production companies; utilities; large industrial companies; natural gasoline distributors; propane distributors; municipalities; and petrochemical, refining and marketing companies.”

Annual report 2025A · The company itself

“Refined Products and Crude - Our Refined Products and Crude segment’s customers include refiners, wholesalers, retailers, traders, railroads, airlines and regional farm cooperatives.”

Annual report 2025A · The company itself

“Sustainable stainless steel is used in numerous different industries, for example in architecture and construction, transportation, automotive and home appliances.”

Annual report 2025A · The company itself

“Its largest customer segments are automotive and transport, consumer appliances, oil and gas, chemical and petrochemical industries, food and beverage processing, as well as building and construction industry.”

Annual report 2025A · The company itself

“In addition, we are a large producer of packaging for meat, fresh fruit and vegetables, processed food, beverages, and other industrial and consumer products.”

Annual report 2025A · The company itself

“Our end-customers operate in a variety of industries, including education, energy, financial services, government entities, healthcare, Internet and media, manufacturing, public sector, and telecommunications.”

Annual report 2026A · The company itself

“2025 2024Omsætning fra kontrakter med kunderLeveringsforpligtelser over tidTV- og præmieindtægter 276.967 110.836Samarbejdspartnere 163.751 128.333Ejendomsudlejning 76.100 81.494Andre indtægter 23.702 26.959540.520 347.622Leveringsforpligtelser på et bestemt tidspunktFood & Beverage, konferencecenter m.v. 396.363 407.222Merchandiseindtægter 82.235 57.782Entréindtægter 118.390 85.544Udlejningsprovisioner 343.633 332.534Øvrigt varesalg 154.002 156.986Salg af ferieboliger 249.476 69.7781.344.099 1.109.846Omsætning i alt 1.884.619 1.457.468 Omsætning fra TV- og præmieindtægter, Samarbejdspartnere, Merchandiseindtægter og Entréindtægter kan henføres til segmentet F.C.København.”

Annual report 2025A · The company itself

“We are a leading global beverage and convenient food company with a complementary portfolio of brands, including Lay’s, Doritos, Cheetos, Gatorade, Pepsi-Cola, Mountain Dew, Quaker and SodaStream.”

Annual report 2025A · The company itself

“PBNA also, either independently or in conjunction with third parties, makes, markets, distributes and sells ready-to-drink tea and coffee products through joint ventures with Unilever (under the Lipton brand name) and Starbucks, respectively.”

Annual report 2025A · The company itself

“We sell a wide variety of beverages and convenient foods in more than 200 countries and territories and the profile of the products we sell, the amount of revenue attributable to such products and the type of packaging used vary by jurisdiction.”

Annual report 2025A · The company itself

“Beverages(a) Convenient Foods Beverages(a) Convenient Foods Beverages(a) Convenient Foods North America 51 % 49 % 50 % 50 % 50 % 50 % International (b) 31 % 69 % 29 % 71 % 29 % 71 % PepsiCo 42 % 58 % 42 % 58 % 41 % 59 % (a)Beverage revenue from company-owned bottlers, which primarily includes our consolidated bottling operations in our PBNA and EMEA segments, is 36% of our consolidated net revenue in 2025 and 35% of our consolidated net revenue in both 2024 and 2023.”

Annual report 2025A · The company itself

“Generally, our finished goods beverage operations produce higher net revenue, but lower operating margins as compared to concentrate sold to authorized bottling partners for the manufacture of finished goods beverages.”

Annual report 2025A · The company itself

“Reportable Segments % of Net Sales (1) % of Net Earnings (1) Product Categories (Sub-Categories) Major Brands Beauty 19% 17% Hair Care (Conditioners, Shampoos, Styling Aids, Treatments) Head & Shoulders, Herbal Essences, Pantene, Rejoice Personal Care (Antiperspirants and Deodorants, Personal Cleansing) Native, Old Spice, Safeguard, Secret Skin Care (Facial Moisturizers, Cleaners and Treatments) Olay, SK-II Grooming 8% 9% Grooming (Appliances, Female Blades & Razors, Male Blades & Razors, Pre- and Post-Shave Products, Other Grooming) Braun, Gillette, Venus Health Care 14% 15% Oral Care (Toothbrushes, Toothpastes, Other Oral Care) Crest, Oral-B Personal Health Care (Gastrointestinal, Pain Relief, Rapid Diagnostics, Respiratory, Vitamins/Minerals/Supplements, Other Personal Health Care) Metamucil, Neurobion, Pepto-Bismol, Vicks Fabric & Home Care 35% 35% Fabric Care (Fabric Enhancers, Laundry Additives, Laundry Detergents) Ariel, Downy, Gain, Tide Home Care (Air Care, Dish Care, P&G Professional, Surface Care) Cascade, Dawn, Fairy, Febreze, Mr.”

Annual report 2026A · The company itself

“Keurig Dr Pepper also uses Qt Design Studio to improve the handoff between designers and developers, resulting in a premium user experience with consistent brand look and feel across a wide range of coffee machines.”

Annual report 2025A · The company itself

“In addition, certain of our largest customers have in the past utilized, currently utilize and may in the future utilize our competitors’ integrated circuit products in some or all of their devices, rather than our products. Further, certain of those customers have developed, are developing or may develop their own integrated circuit products (effectively making them competitors), which they have in the past utilized, currently utilize or may in the future utilize in some or all of their devices, rather than our products.”

Annual report 2025A · The company itself

“This is why Reddit is synonymous with product and service recommendations. For advertisers, we provide access to a unique and highly engaged audience where our trusted, passionate communities drive recommendations on brands and buying decisions.”

Annual report 2025A · The company itself

“Den oblekta sulfatmassan som produceras i Vallviks Bruk lämpar sig sålunda mycket bra för det växande användningsområdet brun vätskekartong.”

Annual report 2024A · The company itself

“Non-alcoholic beverages accounted for 56% of total net revenue in 2025”

Annual report 2025A · The company itself

“Alcoholic beverages accounted for 44% of total net revenue in 2025”

Annual report 2025A · The company itself

“27% Beer”

Annual report 2025A · The company itself

“8% RTD”

Annual report 2025A · The company itself

“9% Wine and spirits”

Annual report 2025A · The company itself

“Across our multi-beverage markets, growth opportunities remain strongest in non-alcoholic beverages. Energy drinks continue to deliver the highest growth rates across most markets, and we hold strong positions in this category in several countries.”

Annual report 2025A · The company itself

“These include traded goods such as snacks, hot tea, and coffee.”

Annual report 2025A · The company itself

“Through the Edge end market, we provide numerous data solutions that we incorporate into our client’s devices, which consist of SSDs for desktop and notebook PCs, gaming consoles and set top boxes, as well as flash-based embedded storage products for mobile phones, tablets, notebook PCs and other portable and wearable devices, automotive applications, Internet of Things, and industrial and connected home applications.”

Annual report 2026A · The company itself

“We provide packaging products for the transportation of a diverse range of consumer and industrial goods, such as processed and fresh food, agricultural products, beverages, industrial and consumer electronics, chemicals and pharmaceuticals, and a range of other products, as well as higher value-added corrugated products, such as those featuring enhanced graphics used for point-of-sale displays and consumer and shelf-ready packaging. During 2025, the majority of our products were sold to the fast-moving consumer goods sector.”

Annual report 2025A · The company itself

“Any paper not used in our own operations is sold through our commercial paper operations, generating revenues primarily from the sale of containerboard, paperboard and specialty grades to external customers, and we serve primarily corrugated packaging, folding carton, food service, liquid packaging and commercial print markets.”

Annual report 2025A · The company itself

“A large portion of our Channel Development business operates under a licensed model of the Global Coffee Alliance with Nestlé, while our global ready-to-drink businesses operate under collaborative relationships with PepsiCo, Inc., Nestlé, and others.”

Annual report 2025A · The company itself

“Investment Servicing Our Investment Servicing line of business provides a broad range of investment servicing and market and financing solutions to institutional clients, including mutual funds, collective investment funds and other investment pools, corporate and public retirement plans, insurance companies, wealth managers, investment managers, foundations and endowments worldwide.”

Annual report 2025A · The company itself

“The company also has aluminum operations, further diversifying its product offerings to supply aluminum flat rolled products with higher recycled content to the countercyclical, sustainable beverage can industry, as well as the automotive and industrial sectors.”

Annual report 2025A · The company itself

“Our aluminum operations provide flat rolled products with high recycled content to the countercyclical, sustainable beverage can industry, as well as the automotive and industrial sectors.”

Annual report 2025A · The company itself

“The principal raw materials of our aluminum operations are raw aluminum (P1020) and recycled aluminum scrap derived from, among other sources, “home scrap,” generated internally at our rolling mill; industrial scrap, generated as a by-product of manufacturing, recycled from automotive and food beverage container manufacturers; and recycled materials from end-of-life trucks and automobiles, industrial products, and used food and beverage containers (“UBCs”).”

Annual report 2025A · The company itself

“Tavoitellut loppukäyttösegmentit ovat elintarvike- ja juomapakkaukset, erityisesti pakaste- ja kylmätuotteiden sekä kuiva- ja pikaruokien segmenteissä, pääasiassa Euroopan ja Pohjois- Amerikan markkinoilla.”

Annual report 2025A · The company itself

“StrongPoint serves the retail industry. The company produces a wide range of services to different lines of businesses, including food and beverage, beauty and health, sports and the manufacturing industry.”

Annual report 2024A · The company itself

“Delivery Our Delivery offering allows consumers to search for and discover the best of local commerce—from restaurants to grocery, alcohol, convenience and other retailers—order a meal or other items, and either pick-up at the restaurant or have it delivered. We refer to the grocery, alcohol, convenience, and retail categories collectively as Grocery & Retail.”

Annual report 2025A · The company itself

“• Packaging and labeling: biochemicals for plastic packaging, packaging papers, paper for label materials, label materials, pulp for packaging and labeling • Tissue and hygiene: pulp for tissue, fluff pulp for hygiene products • Automotive and transportation: renewable fuels, renewable naphtha, renewable functional fillers for rubber, renewable glycols, self-adhesive automotive films, LNG shipbuilding, vehicle flooring • Printing and publishing: magazines and books, newspapers, advertising and catalogues, envelopes, home and office papers, pulp for printing • Low-emission energy: CO2-free electricity, renewable energy • Construction: building and construction, concrete forming, interior and exterior design, furniture • Apparel and textiles: renewable naphtha, bio-based monoethylene glycols (BioMEG) • Graphic solutions: large format printing media, protective lamination, screen and UV offset films, sign-making films, vehicle wrapping films, decoration films, PVC-free graphics solutions materials, CCK release base papers Engagement with customers UPM's businesses offer a wide range of products and services.”

Annual report 2025A · The company itself

“Additionally, a weak market for consumer goods, or reduction in international trade due to tariffs or other factors, can significantly decrease demand by paper mills for recycled corrugated cardboard used in packaging, which can constrict availability of counterparties and negatively impact commodity prices and our operating income and cash flows.”

Annual report 2025A · The company itself

“Våra medarbetare arbetar nära kunderna och är lyhörda för nya behov och skiftningar. Vi delar med oss av vår kunskap för att säkerställa att kunderna kan utveckla sin verksamhet och skapa ett starkt arbetsgivarvarumärke.”

Annual report 2024A · The company itself

“De flesta rekryteringar som Wise genomför är i huvudsak specialister eller chefer inom marknad och försäljning, IT, administration och support, ekonomi och finans samt HR.”

Annual report 2024A · The company itself

“Kunderna finns huvudsakligen i Danmark och utgörs av ledande företag inom miljöteknik, kemisk industri, belysning och möbeltillverkning.”

Annual report 2024A · The company itself

“The industrial market includes original equipment manufacturers, exploration and production firms, agricultural customers, and developers and managers of industrial facilities, such as chemical manufacturers, marine, food and beverage companies, data centers and car washes.”

Annual report 2025A · The company itself