GP’s Sale of Nonwovens Business to Glatfelter Finalized

Sappi Europe is set to extend its capacity at its mill in Gratkorn, Austria, enabling the mill to also manufacture wet-strength label papers. The double-digit million-euro investment in a state-of-the-art technical infrastructure will drive expansion of the site – and establish Sappi as a leader in the label sector for the long term. • Innovation through investment: expansion of the Gratkorn mill’s technical infrastructure • Increased demand for high-quality label papers • Guaranteed production and delivery reliability

Q1/2018 (year-on-year) · Sales increased by 3.3% to EUR 2 579 (2 497) million, primarily due to favourable prices and the ramp-up of strategic investments. · Operational EBIT increased 72% to EUR 369 (215) million as announced on 13 April, mainly due to favourable prices and mix optimisation combined with continued successful ramp-ups of the strategic investments. · The operational EBIT margin was 14.3% (8.6%), the highest for any quarter since 2001. · EPS was EUR 0.35 (0.14). EPS excl. IAC increased to EUR 0.35 (0.17). · Balance sheet strengthened further and net debt was reduced by EUR 485 million; the net debt to operational EBITDA ratio improved to 1.3 (1.9). Click Read More below for additional information.

Wednesday January 20, 2021, the last roll of paper was produced on SCA’s paper machine 5 at Ortviken paper mill in Sundsvall. PM5 produced uncoated publication paper for newpapers, magazines and commercial print and had a capacity of 255,000 tonnes per annum. The paper machine started production in the year 1985. PM5 will now be dismantled in order to make room for the company Renewcell and its recycling of textile fibre, which is expected to come on stream on the Ortviken site in 2022. As previously announced, the remaining two paper machines at the Ortviken paper mill will stop production during the first quarter of 2021, as SCA ceases to produce publication paper.