Highlights * Q1, 2018 adjusted operating income of $238.7 million driven by historically high lumber prices and record-high pulp and paper earnings; record-high sales of $1.23 billion * Adjusted net income of $145.4 million, or $1.13 per share * Net debt of $96.8 million, or 4.3% net debt to total capitalization, at March 31, 2018. Click Read More below for additional information.

Lecta formalized its ESG (Environmental, Social, Governance) strategy as a key pillar of our business strategy for the future in 2022. As part of this strategy, we set ambitious targets for 2030 and defined key performance indicators (KPI's) for our work and progress in this area, linked to the United Nations Sustainable Development Goals (SDG's). Determined to meet this challenge and in line with its information transparency policy, Lecta regularly monitors its progress at a Group level and publishes its consolidated ESG performance results on an annual basis. As reflected in our latest Sustainability Report, 2023 was a good year in terms of progress towards many of our ESG objectives, especially those related to the environment. Both the organizational carbon footprint (OCF) and Lecta's product carbon footprint (PCF) have decreased yearly since 2021.

The Company reported an operating loss of $6.3 million for the second quarter of 2020, down $12.4 million from operating income of $6.1 million reported for the first quarter of 2020. Reported results for the second quarter of 2020 included an $8.2 million finished pulp and raw material inventory write-down at period end. After adjusting for this, the Company’s operating income was $1.9 million for the second quarter of 2020, up $6.5 million from a similarly adjusted operating result in the previous quarter. The Company’s operating results for the second quarter of 2020 reflected direct and indirect impacts of the coronavirus outbreak on global markets, and more specifically the pulp and paper business.