French Paper Announces Price Increase

Interfor Corporation recorded Net earnings in Q3’21 of $65.6 million, or $1.05 per share, compared to $419.2 million, or $6.45 per share in Q2’21 and $121.6 million, or $1.81 per share in Q3’20. Adjusted net earnings in Q3’21 were $46.7 million compared to $433.5 million in Q2’21 and $140.0 million in Q3’20. Notable items in the quarter: • Record Production and Shipments • Strong Free Cash Flow Generation • Strategic Capital Investments • Acquisition of Four US Sawmills and Restart of the DeQuincy, LA Operation • Sale of Former Sawmill Property • Softwood Lumber Duties

Financial summary for the quarter •EBITDA excluding special items US$172 million (Q1 2017 like-for-like US$181 million) •Profit for the period US$63 million (Q1 2017 US$90 million) •EPS excluding special items…

Stora Enso has initiated a sales process for a possible divestment of four paper production sites. In line with Stora Enso’s strategy, paper is not a strategic growth area for the Group. The divestment intent is aligned with the Group’s strategy to focus on long-term growth potential for its renewable products in packaging, building solutions and biomaterials innovations. Stora Enso’s paper production sites intended for divestment are: Anjala in Finland, Hylte and Nymölla in Sweden, and Maxau in Germany. The assets are high-quality sites for paper and pulp production with strong infrastructure, and skilled and experienced staff.