Smurfit Westrock removed from price-fixing case, others file for dismissal

People are reading more again! During the pandemic, reader’s turned more to magazines, books, and newspapers, and many print subscriptions were sold. Print products continue to enjoy a high level of trust. In addition, catalogues and advertising journals are very popular with consumers – printed on high-quality paper grades from UPM. As the leading graphic paper producer UPM Communication Papers offers an extensive product range for all main printing methods, be it heatset web offset, coldest web offset, sheet fed offset, rotogravure or digital. In order to meet our customers’ needs and to ensure the high service capability and ultimate supply security we have further improved our CMR offering. The new offering on the non-glossy side will consist of three product ranges with a silky surface and excellent brightness levels: UPM Star silk H, UPM Ultra silk H new and UPM Cote silk H. Furthermore, the new offering includes two true matt and high bulk product ranges: UPM Star matt 1.2 H and UPM Ultra matt 1.2 H.

Lecta announces, with immediate effect, a price increase of up to 15% for new orders of thermal and carbonless papers. The price increase is unavoidable to offset the continuous increase in manufacturing and transport costs. Lecta sales teams are at our customers’ disposal to provide specific information on how the price increase will be applied by product on a country by country basis.

Net sales were $1.53 billion, down 14.9 percent. Sales were down 12.0 percent ex. currency, and down 13.7% on an organic basis. Reported operating margin declined 350 basis points to 8.1 percent. Adjusted EBITDA margin declined 60 basis points to 14.0 percent, while adjusted operating margin declined 140 basis points to 10.7 percent. Reported net income was $0.95 per share, compared to $1.69 per share in the prior year second quarter. Adjusted net income was $1.27 per share, down 26 percent, above the company’s expectations, reflecting a sales decline below the low end of its outlook range in April. Year-to-date free cash flow was $109 million, down 34 percent. Free cash flow in the second half of the year is expected to accelerate reflecting normal seasonality as well as higher net income and an increased focus on working capital productivity.