Gascogne SA Reports Earnings Results for the Half Year Ended June 30, 2023

Gascogne specializes in production and marketing of packages. The group also manufactures wood and paper products. Net sales break down by activity as follows: - production of flexible packaging (61%): bags (50.9% of net sales; No. 3 in Europe; paper bags, plastic bags, etc.), complex packaging and protection materials (49.1%; multi-layer paper, film, and aluminum-based materials); - paper production (29%): natural glazed Kraft paper (No. 1 worldwide) and special Kraft papers; - manufacture of wood products (10%): rough-cut lumber, paneling, flooring, moldings, wainscoting, exterior wood, etc. At the end of 2022, Gascogne had 14 production sites worldwide. Net sales are distributed geographically as follows: France (43.7%), Germany (13.2%), European Union (26.4%) and other (16.7%).