Matti Koski has been appointed Kotkamills Oy’s Vice President, North America

The Board of Directors of Rottneros has decided to invest a total of approximately 86 MSEK in renewable electricity at Rottneros Mill. The investments include a solar park and a battery storage and are part of a long-term strategy to reduce the groups exposure to the electricity market. The start-up is planned for 2024. The solar park is expected to generate over 3 GWh annually, which can be compared to the company's annual purchased electricity demand of around 220 GWh. The purpose of the battery storage is primarily to contribute to an improved balance on the electricity market, which also generates revenue from Svenska Kraftnät and thus a favourable return on investment.

• Sales increased by 22.6% to EUR 2 592 (2 114) million, due to higher deliveries and prices. Sales excluding Paper increased by 28.4%. • Operational EBIT increased to EUR 364 (178) million, due to higher prices and volumes, especially in Biomaterials, Wood Products, and Packaging Materials. Operational EBIT excluding Paper increased to EUR 413 (216) million. • Operational EBIT margin increased to 14.0% (8.4%). Excluding Paper, the operational EBIT margin was 19.1% (12.9% • The value of forest assets, including leased land and Stora Enso's share of Tornator, increased to EUR 7.4 (5.4) billion. The forest valuation method was changed in Q4/2020 to market based valuation in Sweden. • Strong cash flow from operations amounted to EUR 463 (363) million. Cash flow after investing activities was EUR 339 (239) million. • Net debt decreased by EUR 314 million to EUR 2 975 (3 289) million.

Total European shipments of graphic papers in June 2017 were UP 0.5% vs. June 2016 and are down 0.8% year-to-date. Total European shipments of newsprint in June 2017 were down 1.7% vs. June 2016 and are down 3.8% year-to-date. Total European shipments of sc-magazine in June 2017 were down 2.2% vs. June 2016 and are UP 2.2% year-to-date. Total European shipments of coated mechanical reels in June 2017 were UP 1.7% vs. June 2016 and are down 2.0% year-to-date. Total European shipments of coated mechanical (improved and others) in June 2017 were UP 0.6% vs. June 2016 and are UP 1.4% year-to-date. Total European shipments of coated woodfree in June 2017 were UP 5.7% vs. June 2016 and are UP 1.4% year-to-date. Total European shipments of uncoated woodfree in June 2017 were down 1.1% vs. June 2016 and are down 0.8% year-to-date.