BEWI hosts Capital Markets Update and launches updated financial targets

BEWI, a leading provider of packaging, components, and insulation solutions, today hosts a Capital Markets Update in Haakon VIIs gate 2 in Oslo, Norway, where members of BEWI’s management team will provide insights to the company’s strategy, operations, and long-term ambitions.

The event, taking place from 09:00 to 11:30 CEST, can also be viewed through a live webcast from BEWI’s website, www.bewi.com/capital-markets-day/

BEWI’s continued growth outlook is the key topic for the event. Within the current operational and financial framework, the company outlines the following targets by the end of 2026:

• Aiming to roughly double revenue and more than double EBITDA
• Growth strategy combining innovation-driven organic growth and continued M&A
• Increasing production capacity to 230-250 thousand tonnes, with annual recycling capacity matching production of high turnover products
• Targeting to increase ROCE to 20 per cent

“We are operating in a large and fragmented European market where we have set out to be a leading consolidator. At the same time, we see solid organic growth, and we will continue to bring innovative new products to the market. To capitalise on these growth opportunities, we need to become a 100 per cent circular company, and we believe we can do that while increasing profitability over the coming years,” says CEO Christian Bekken in BEWI.

Please find the presentation material attached or download from the link below. The material and the recording of the webcast from the presentations will be available on the company’s website, www.bewi.com/capital-markets-day/

For further information, please contact:

Charlotte Knudsen, Director of IR and Communications BEWI ASA, tel: +47 9756 1959

About BEWI ASA

BEWI is an international provider of packaging, components, and insulation solutions. The company's commitment to sustainability is integrated throughout the value chain, from production of raw materials and end goods, to recycling of used products. With a vision to protect people and goods for a better every day, BEWI is leading the change towards a circular economy.

BEWI ASA is listed at the Oslo Børs under ticker BEWI.

The information is such that BEWI ASA is required to disclose in accordance with the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 08:30 CEST on 30 September 2021.