Cascades’ 2020 Fourth Quarter Financial Results and Full Year Financial Results

Q4 2020 Highlights
• Sales of $1,284 million (compared with $1,275 million in Q3 2020 (+1%) and $1,227 million in Q4 2019 (+5%))
o Operating income of $109 million (compared with $73 million in Q3 2020 (+49%) and operating loss of $(1) million in Q4 2019)
o Operating income before depreciation and amortization (OIBD)1 of $181 million (compared with $154 million in Q3 2020 (+18%) and $76 million in Q4 2019 (+138%))
o Net earnings per share of $0.72 (compared with $0.51 in Q3 2020 and net loss per share of $(0.27) in Q4 2019)

2020 Annual Highlights
• Sales of $5,157 million (compared with $4,996 million in 2019 (+3%))
o Operating income of $366 million (compared with $261 million in 20192 (+40%))
o Operating income before depreciation and amortization (OIBD)1 of $665 million (compared with $550 million in 20192 (+21%))
o Net earnings per share of $2.04 (compared with $0.77 in 20192)
details at: https://www.cascades.com/en/news/cascades-reports-strong-results-fourth-quarter-2020-3rd-consecutive-annual-record-levels-sales

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