Kruger Announces 7/1/18 Price Increase on CGW

OCTOBER 1 – DECEMBER 31, 2020 (compared with July 1 – September 30, 2020) *Net sales increased 6% to SEK 4,592m (4,338), mainly related to higher delivery volumes. *EBITDA margin increased to 30.0% (23.8).*Operating cash flow amounted to SEK 957m (1,118). JANUARY 1 – DECEMBER 31, 2020 (compared with January 1 – December 31, 2019) *Net sales declined 6% to SEK 18,410m (19,591). The fall in sales was mainly related to lower selling prices, which was partly offset by higher delivery volumes.*EBITDA margin of 24.1% (27.2). The decrease was mainly due to lower selling prices. *Operating profit amounted to SEK 1,145m (19,665). The difference was mainly due to one-off items from the discontinuation of publication paper operations in 2020 of SEK -1,694m and the changed accounting method for forest assets of approximately SEK 16bn in 2019. *Operating cash flow amounted to SEK 2,688m (2,916).

Please be advised with orders shipping on October 9, 2017 Suzano Pulp and Paper will raise prices by 4-6% on the following products: Suzano® Branded and Private Label Office Papers; Prisma Bright® Offset Rolls. All standard up-charges and terms of sale remain in effect until further notice.

Our donation of $50,000 to Vancouver Island University has supported 19 student awards in the past two years. “Awards are great incentive for students to focus on their learning and when received instill a sense of pride as they meet their goals,” says Brad Jannaway, Instructor and Department Chair of HMT in Trades and applied Technologies “From a practical standpoint, the award will likely come at a time they really need it and can help them move into their chosen careers.” Created with the $50,000 donation, the Paper Excellence Award Fund gives students who did well in the program a financial boost as this graduate. Congratulations to the 19 students who received these $1,000 awards in 2022 and 2023. The 2024 recipient selections will take place between April and August.