Zanders Paper: Price adjustments as of 19 April 2021

Net sales were SEK 5 897 million (5 636), an increase of 5% mainly as a result of increased selling prices. EBITDA was SEK 1 065 million (923), an increase of 15% mainly as a result of increased selling prices, which were partly offset by higher wood prices. Adjusted EBITDA was SEK 1 102 million (938), an increase of 17%. The adjusted operating margin was 12% (10%). Adjusted operating profit was SEK 729 million (572), an increase of 27%. Earnings per share amounted to SEK 2.40 (1.94). Click Read More below for additional information.

This letter is to notify you that NORPAC will raise the price of our Norbrite grades effective with shipments/invoices on or after May 1, 2018. Specific grades affected by this change in pricing include: Norbrite 65; Norbrite 70; Norbrite 75; Norbrite Plus; Norbrite Offset; Norbrite Hybrid; Norbrite 92 Max; Norbrite Book Cream; Norbrite Book Blue White. Additionally, be advised we plan to increase the price of our 27.7# (45.0 gsm.) standard newsprint. The increase will be phased in over two months as follows. $22.00 per metric ton on April 1, 2018 and $22.00 per metric ton on May 1, 2018. Prices for all other newsprint basis weights will be adjusted proportionally as per past practices.

Employee consultations for UPM Communication Papers were concluded at the Jämsä River mills this week. The UPM Kaipola paper mill in Jämsä, Finland, will be closed permanently by mid-December. UPM’s second paper mill in Jämsä, UPM Jämsänkoski, will continue operations with one graphic paper machine and two specialty paper machines. The parties were not able to identify an economically viable solution for the future operation of UPM Kaipola. Consequently, Kaipola’s three paper machines will be permanently closed, affecting altogether 448 positions at the mill, of which 20 positions will be transferred to UPM Jämsänkoski’s Specialty Papers operations. Approximately 20 % of the redundancies will be retirements, with discussions pending. The closure will lead to an annual reduction of 720,000 tonnes of graphic paper capacity, thereof 450,000 tonnes of newsprint and 270,000 tonnes of coated mechanical paper. An after-care team will ensure safe conditions at the mill after the closing.