Trioworld achieves the highest sustainability rating from EcoVadis for the fourth consecutive year

Mactac®, a leading supplier of pressure-sensitive papers and films, and ARMOR, a leader in the design and production of thermal transfer ribbons, are partnering to bring thinner, more sustainable thermal transfer solutions to the labeling industry. Both companies offer thermal transfer solutions that are designed to help reduce the labeling industry’s environmental impact, including Mactac’s Optiscan® thermal transfer products with BLOOM® hi.mpact™ liner and ARMOR’s inkanto® APR1 wax-resin thermal transfer ribbon. When Optiscan products (Optiscan V, Optiscan K and Optiscan 2C) with BLOOM hi.mpact and APR1 ribbon are used jointly as a comprehensive thermal transfer solution, printers, converters and end-users benefit. These innovative products help create a labeling industry with more sustainable solutions. By focusing on sustainable product development, both Mactac and ARMOR are helping ensure the labeling industry is making strides in reducing the impact on the environment.

Second Quarter Financial Highlights and Recent Events * Total revenue increased by 8.7% to $51.8 million, from $47.7 million in the second quarter of 2020. * Envelope segment revenue was up 7.6% to $35.2 million, from $32.8 million in the second quarter of 2020. * Packaging and specialty products segment revenue increased by 11.1% to $16.6 million, from $14.9 million in the second quarter of 2020. * EBITDA1 at $8.6 million, up 24.1%, from $6.9 million in the second quarter of 2020. EBITDA margins stood at 16.5%, up from 14.5%. * Net Earnings at $3.4 million (or $0.12 per share), up from $1.9 million (or $0.07 per share) in the second quarter of 2020. * Recorded $0.8 million of assistance from the Canada Emergency Wage Subsidy (“CEWS”) program. * Purchased 488,100 shares for total consideration of $1.1 million as part of the Company’s Normal Course Issuer Bid (‘’NCIB’’). * Mary Chronopoulos was appointed CFO and Corporate Secretary effective May 31, 2021.

Metsä Group’s production units annually generate around 12 million tonnes of wood-based carbon dioxide, and the company is increasingly focusing on promoting its large-scale capture. “Bio-based carbon dioxide is an important but still untapped side stream that could be harnessed more effectively as the technology and markets develop,” says Kaija Pehu-Lehtonen, who has been appointed the new project director of Metsä Group’s carbon capture project. If carbon capture proves viable, it will provide the forest industry with a new high-volume wood-based raw material that can be used to replace fossil-based materials. “We aim to use Nordic wood in a resource-efficient way and make ever greater use of our production side streams to convert wood into increasingly valuable products,” says Sari Pajari-Sederholm, EVP, Strategy at Metsä Group.