Miru Smart Technologies and Mativ Collaborate to Develop Innovative Electrochromic Window Technology

Q3/2021 (year-on-year) •Sales increased by 23.9% to EUR 2 577 (2 079) million due to higher prices and deliveries. •Operational EBIT increased to EUR 410 (175) million, driven by higher volumes and prices, especially in Biomaterials, Wood Products and Packaging Materials. •Operational EBIT margin increased to 15.9% (8.4%). •Operating profit (IFRS) increased to EUR 386 (145) million. •Strong cash flow from operations amounted to EUR 485 (399) million. Cash flow after investing activities was EUR 347 (250) million. •Operational ROCE excluding the Forest division increased to 20.0% (7.8%), and was clearly above the long-term target of more than 13%. Q1–Q3/2021 (year-on-year) •Sales were EUR 7 445 (6 400) million. •Operational EBIT more than doubled to EUR 1 102 (532) million.

Norske Skog has worked closely with the insurance company, equipment suppliers, and other parties to determine the extent of damages following the rockslide on 27 April. The rockslide caused significant damage to buildings, cranes, machinery, and equipment associated with paper machine 6 (PM6). A settlement has now been reached between Norske Skog Saugbrugs and the insurance company regarding insurance coverage for both business interruption and property damage, estimated up to NOK 2.4 billion, which will jointly be covered by the insurance company, the Norwegian Natural Perils Pool, and reinsurers. "The rockslide on 27 April this year was a traumatic experience for Saugbrugs employees, Halden residents, and Norske Skog. Fortunately, no one was physically injured in the rockslide, but PM6 and its associated building structures sustained substantial damage. After significant efforts from mill employees and other stakeholders, we are pleased to have reached an agreement with our insurance company for both business interruption and property damage, estimated up to NOK 2.4 billion. We have had an excellent dialogue and been treated very fairly by our insurance company throughout the process," says Geir Drangsland, CEO of Norske Skog.

Pushing the boundaries in sports and print: Sappi’s Algro Design® Card forms basis for new 2018 photo calendar. “Move X-treme. Discover your possibilities” – This is the umbrella theme under which ACTEGA Terra, Koenig & Bauer and Sappi have continued their successful joint calendar project over the last few years. The new 2018 calendar, hot off the press, depicts athletes who push themselves to their limits, whether in speed skating, white water kayaking or motocross. Steely resolve and perfect preparation can lead to outstanding sporting success. The rewards: strong emotions, a great deal of public interest and the satisfaction of having accomplished something extraordinary. These are reactions similar to those experienced by three companies from the worlds of speciality papers, quality printing and overprint varnishes for high-quality finishing as they produce their annual calendar. Click Read More below for additional information.