BEWI ASA publishes annual report for 2022

25 Apr 2023 12:02 CEST

BEWI, a leading provider of packaging, components, and insulation solutions,
today publishes its annual report and the remuneration report for the financial
year of 2022.

The annual report, which was approved by the board of directors of BEWI on 24
April 2023, also includes BEWI's ESG progress report, which has been prepared
with reference to the Global Reporting Initiative (GRI) Standards (2021), and
statement on corporate governance for 2022.

The annual accounts for 2022 were approved without any changes to the
preliminary accounts for the full year 2022 announced on 16 February 2023.

In 2022, BEWI continued to deliver solid results and strong growth from organic
and strategic initiatives, focusing steadily on its three strategic priorities:
innovation, circular economy, and profitable growth - all with a vision to
protect people and goods for a better everyday. The group had net sales of 1 050
million euro, up by 40 per cent over the previous year, with an adjusted EBITDA
of 134 million euro. Including full effect of seven acquired companies in 2022,
annual pro forma sales was more than 1 500 million euro.

The full report is attached in PDF format and the European Single Electronic
format (ESEF) and can be downloaded from the company's website www.bewi.com. In
addition, the group's remuneration report, also approved by the board on 25
April 2023, is attached.

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.

This information is subject to disclosure under the Norwegian Securities
Act section 5-12 and the requirements of Oslo Børs' Continuing Obligations.

More information:
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588426_BEWI_Annual_report_2022.pdf
588426_BEWI_Remuneration_report_2022.pdf
588426_BEWI_2022_12_31_en.zip