Euro-Graph Publishes Monthly Statistics of the European Graphic Papers Industry

Third Quarter 2020 Results: Net sales were $1.73 billion, down 1.8%. Sales were down 1.3% ex. currency, and down 3.6% on an organic basis. Reported operating margin increased 100 basis points to 12.3%. Adjusted EBITDA margin increased 190 basis points to 16.1%, while adjusted operating margin increased 140 basis points to 13.1%. Reported net income was $1.79 per share, up 5%, and adjusted net income was $1.91 per share, up 15%, both of which were above the company’s expectations, reflecting a sales decline below the low end of its outlook range in July. Year-to-date free cash flow was $342 million, up 4.4% compared to the same period last year.

Evergreen Packaging® announced the release of TruSpec® Inkjet Book with ColorPRO Technology, a new digital coated matte paper developed in conjunction with HP. Evergreen is the only North American coated paper producer utilizing cutting edge HP ColorPRO technology. TruSpec Inkjet Book is certified for all HP inkjet presses and in head-to-head product comparisons has proven to provide vastly improved press speed, superior ink densities and color gamut, with stellar lay-flat properties. TruSpec is raising the bar for Inkjet substrate performance. Printer segments from Book Publishing, Direct Mail, and Commercial Print to Packaging, can be more efficient, saving time and money without the traditional speed-to-quality trade-off. “TruSpec Inkjet Book is the first new product in Evergreen’s Pine Bluff digital paper focus and continues our 30 year history as a leading producer of coated publishing and commercial grades,” said Ken Russell, Vice President Paper and Specialty at Evergreen. “This new product is a great fit with our manufacturing process and capabilities. Coupling this product innovation, with our proven service platform, is enabling Evergreen to provide incredibly flexible service, with one stop shopping for paper basis weights ranging from 45 lb. – 60 lb., and roll widths from 18” – 50+”. Collaborating with HP on ColorPRO Technology provides commercial printers and publishers with an opportunity to expand and enhance their business via a paper that prints faster, uses less ink, and comes from a mill with a dependable service platform.”

The Paper Excellence Group announced the successful closing of its previously-announced acquisition of Domtar. The acquisition further establishes Paper Excellence Group as an industry leader, significantly broadening its global reach and expanding its product range to include airlaid nonwovens and containerboard, in addition to significantly increased pulp and paper production. Domtar will operate as a stand-alone business entity within the Paper Excellence Group, with Domtar’s current CEO and management team remaining in place. There are no further changes to operating locations, business plans, or Domtar’s employee base at this time.