Canfor Signs Agreement with Peak Renewables to Sell Fort Nelson Tenure

Canfor Corporation announced it has provided $100,000 to the Canadian Red Cross’ British Columbia Fires Appeal to support their response efforts. “As a forestry company headquartered in BC, we are committed to supporting our communities, our workers, their families and their neighbours. With so many people facing a difficult time, we are pleased to be able to make this donation to support the tremendous work of the Canadian Red Cross,” said Don Kayne, President and CEO. “On behalf of Canfor, I want to say thank you to the firefighters, first responders, volunteers and individuals who are working tirelessly to keep people safe.” The 2021 forest fire season has impacted tens of thousands of British Columbians in communities across the province. The donation will be used to support immediate relief efforts for families and help with long-term recovery and preparedness for future events.

The Company presented information during Investor Day that highlighted: •WestRock has the scale, differentiated strategy and the capabilities to generate attractive long-term returns for investors. •The Company expects to increase adjusted EBITDA margins in its corrugated packaging and consumer packaging segments and generate significant cash flow over the next several years, and to deploy its capital to high-return internal projects and acquisitions, and return increasing capital to stockholders. •WestRock has the opportunity to expand its margins and deploy its capital to grow adjusted EBITDA from $2.3 billion in fiscal year 2017, to more than $4 billion in fiscal year 2022. WestRock reiterated its fiscal 2018 guidance for revenue of at least $16.3 billion, adjusted segment EBITDA of more than $2.8 billion and adjusted operating cash flow of at least $2.3 billion. Click Read More below for additional information.

Q4/2020 (year-on-year) *Sales decreased by 10.7% to EUR 2 154 (2 411) million, due to structural changes, lower prices and volumes. *Operational EBIT was EUR 118 (124) million, lower sales were mitigated by efficient cost management. *Operational EBIT margin increased to 5.5% (5.1%). *Operating profit (IFRS) decreased to EUR 289 (680) million. *Cash flow from operations amounted to EUR 436 (725) million. Cash flow after investing activities was EUR 223 (518) million. *The net debt to operational EBITDA ratio was 2.3 (2.0). *Operational ROCE excluding Forest division was 4.6% (5.0%). Year 2020 (year-on-year) *Sales were EUR 8 553 (10 055) million, mainly due to lower volumes and prices, and structural changes. *Operational EBIT decreased to EUR 650 (1 003) million, due to lower sales.