Clearwater Paper Suspends Idaho Operations Due to Regional Natural Gas Pipeline Incident

*NET TURNOVER increased by 4 percent to 711 (681) MSEK. Compared to the first quarter of 2024, turnover rose by 3 percent due to higher market prices. *THE LIST PRICE of NBSK pulp was 16 percent higher compared with the second quarter of 2023. Compared with the first quarter of 2024, the list price rose 13 percent. The market price of CTMP rose by 1 percent compared with the second quarter of 2023 and decreased by 2 percent from the first quarter of 2024. *PRODUCED VOLUME amounted to 91.0 (93.2) thousand tonnes, which is 2 percent lower than in the corresponding quarter of 2023. *VOLUME SOLD rose to 88.6 (82.8) thousand tonnes, an increase of 7 percent. *EBIT (operating profit) was 30 (41) MSEK. Compared with the corresponding quarter of 2023, selling prices were lower while volumes were higher. EBIT increased from the first quarter of 2024 as a result of rising prices and higher production volumes.

Robert Harvey joined Twin Rivers as the company’s Chief Operations Officer in February. A native of Maine, Harvey recently relocated to the company’s flagship operation and headquarters office in Madawaska, Maine. Tyler Rajeski was named Vice President of Finance in April 2022, leading the company’s finance, accounting, treasury and tax functions. “Rob and Tyler are great additions to our executive team, bringing a high level of expertise to their respective roles,” stated Chief Executive Officer Debarata ‘Deba’ Mukherjee. “The deep papermaking and continuous improvement experience Rob brings to the business has already resulted in operational improvements. Tyler was working closely with our team and creating value via his role with Atlas Holdings, enabling a fast and seamless transition.”

January-September 2021 compared with January-September 2020 *Net sales amounted to SEK 14,059m (13,818). The increase was primarily attributable to higher selling prices in all product areas. The discontinued publication paper operations (see page 5) and the divestment of Wood Supply UK (see page 7) had a negative impact on sales. Excluding these effects, net sales increased by 26%. *EBITDA increased 106% to SEK 6,303m (3,0631). The increase was mainly attributable to higher selling prices in all product areas and a stable, low cost level. EBITDA margin increased with 23 percentage points (of which 8 resulted from the discontinuation of publication paper operations and the divestment of Wood Supply UK) and was 44.8% (22.11). *Operating profit increased to SEK 5,226m (1,8531) *Operating cash flow amounted to SEK 3,453m (1,731)