EuroGraph Publishes Monthly Statistics of the European Graphic Papers Industry

Fourth Quarter of 2022 Highlights: *Fourth quarter 2022 net loss from continuing operations was $25.9 million, compared to net loss of $16.3 million in the third quarter of 2022on the same basis . This result reflects the sharp downturn in lumber market prices seen during the fourth quarter. *Lumber prices dropped, reflecting economic headwinds and lower demand in Q4 2022, with an average selling price of $644/mfbm compared to $800/mfbm in Q3 2022. Steadily rising interest rates since Q2 2022, in response to high inflation, reduced US housing starts and caused flagging homebuilders’ confidence, which worsened during the fourth quarter.

Q4/2020 compared with Q4/2019*Net sales decreased by 1.7% to EUR 689.2 million (701.3). At constant currency rates, net sales increased by 3.5% on higher volumes *Comparable EBITDA improved to EUR 89.6 million (70.5), representing 13.0% (10.1) of net sales, supported by lower variable costs and higher volumes *Operating result improved to EUR 43.7 million (16.0), supported by higher comparable EBITDA and lower items affecting comparability (IAC). Q1–Q4/2020 compared with Q1–Q4/2019: *Net sales decreased by 8.0% to EUR 2,683.3 million (2,915.3). At constant currency rates, net sales decreased by 5.3% due to lower selling prices and a less favorable product mix. *Comparable EBITDA increased to EUR 334.2 million (312.9), representing 12.5% (10.7) of net sales, supported by lower costs *Operating result improved to EUR 176.2 million (103.2), supported by a capital gain of EUR 32.0 million from the sale of the fine art paper business and lower items affecting comparability (IAC)

Stora Enso has launched a comprehensive biodiversity programme and related targets for its land holdings in Sweden. The programme, which covers the Company’s forest land in Sweden, has five focus areas, each with specific actions and measurable targets for 2030. Combined with the ongoing biodiversity work, the new biodiversity programme with more than 30 actions will lead to increased nature values and strengthened biodiversity across Stora Enso’s land holdings in Sweden. Some examples of activities from the programme’s focus areas and main targets for 2030: • Deadwood: Over 40% of red-listed forest species depend on deadwood. Stora Enso aims to increase the amount of dead wood on its land holdings by 40%. • Broadleaved trees: Broadleaved trees provide critical habitats for many species. Stora Enso will double the number of broadleaved trees in young forests and plant 700,000 birch trees annually. • Water: Watercourses and wetlands are often rich in biodiversity since many species depend on water for different life stages. Stora Enso will identify four major water landscapes for restoration and remove migration barriers in all identified valuable watercourses. • Species and habitats: An umbrella species is an animal or plant that lives in an area with many other endangered species. The new biodiversity programme focuses on protecting four umbrella species, which in turn benefit hundreds of other red-listed species. • Active biodiversity management: actions in this focus area include increasing annual prescribed burning by 20% on average in the protection areas over a five-year period.