Monadnock Paper Mills Announces Price Increase for East/Central Territory Effective 12/11/17

Lecta presents its first Sustainability Report integrating the three essential areas – environmental, social and governance – used to assess the sustainable performance of organizations. In 2022, Lecta formalized a complete ESG strategy as a key pillar of its long-term corporate activities, and in this first 2022 Sustainability Report it specifies the most relevant aspects and ambitious improvement objectives with a view to the 2030 Agenda. Key Performance Indicators (KPI) are also well defined in order to measure our continuous progress in this commitment. "We have been working for a long time on sustainability issues, and we have now formulated clear targets and our roadmap toward 2030," states Gilles Van Nieuwenhuyzen, CEO of Lecta.

According to the November 2017 Printing-Writing Monthly report from the American Forest & Paper Association, total printing-writing paper shipments decreased six percent in November compared to November 2016. Shipments of uncoated free sheet shipments remained flat while the remaining three major printing-writing grades declined year-over-year. Total printing-writing paper inventory levels increased less than one-half of one percent from October 2017. •November uncoated free sheet (UFS) paper shipments were flat year-over-year following year-over-year increases in two of the previous three months. •Shipments of coated free sheet (CFS) paper in November declined by a double-digit percentage for the second consecutive month. •Coated mechanical (CM) paper shipments declined year-over-year in November for the sixth consecutive month. •Exports of uncoated mechanical (UM) papers decreased 4% year-over-year in September, but reached second-highest level in the past 24 months. Click Read More below for additional information.

Overview • Q3 2022 reported operating income of $108.6 million; quarterly sales of $1.7 billion • Downward pressure on global lumber market fundamentals and pricing following highs earlier in the year • Reduced Western Canadian operating schedules & European seasonal downtime led to lower shipments • Strong global pulp fundamentals & improved pulp production following capital-related downtime • Shareholder net income of $87.4 million, or $0.71 per share