Due to current, strong price increases for raw materials as well as massive transport surcharges, Zanders Paper will implement a price adjustment for all products. The adjustment will range from five to ten percent, depending on product and region, and will take effect for all delivery dates from 19 April 2021.

Q2/2017 (year-on-year): • Sales of EUR 2 528 (EUR 2 526) million increased marginally despite the divestment of paper mills. • Sales excluding the paper business increased 7.1%. • Operational EBIT decreased from EUR 226 million to EUR 219 million. This was mainly due to the impact of higher maintenance costs of EUR 15 million compared to a year ago. The operational EBIT margin was 8.7% (8.9%). • Balance sheet strengthened further; net debt to operational EBITDA was 2.0 (2.2) despite a dividend payment. • The ramp-up of Beihai Mill continues to proceed ahead of plan, and it is expected to reach operational EBITDA break-even in Q4/2017, one quarter earlier than previously forecast. • Varkaus kraftliner mill is expected to reach full production during the second half of 2017. A positive quarterly operational EBIT was achieved in Q2/2017. • Stora Enso signed today an agreement to divest its holding in the equity accounted investment Bulleh Shah Packaging Ltd. to the main owner Packages Ltd. Q1–Q2/2017 (year-on-year): • Sales of EUR 5 025 million increased 1.1%. Sales excluding the paper business increased 8.3%. • Operational EBIT of EUR 434 million decreased 8.4%, mainly due to increased maintenance costs. Click Read More below for additional details.

Pixelle Specialty Solutions Holding LLC announced that it has signed a definitive agreement to be acquired by an affiliate of H.I.G. Capital. Terms of the transaction were not disclosed. Pixelle was formed in 2018 by Lindsay Goldberg, a private investment firm that focuses on partnering with families, founders and management teams seeking to actively build their businesses. Pixelle has built an industry-leading four-mill specialty paper platform with mills in Chillicothe, OH; Jay, ME; Spring Grove, PA; and Stevens Point, WI. Collectively the mills operate 11 paper machines and produce more than one million tons of paper annually. Timothy Hess, Pixelle’s Chief Executive Officer, said, “Together with Lindsay Goldberg, Pixelle has developed a broad, innovative portfolio of industry leading brands across the specialty papers and sustainable packaging markets. In under four years, we have transformed Pixelle into the leading specialty-focused paper producer in North America through three strategic acquisitions and successful implementation of a continuous improvement program. We thank Lindsay Goldberg for their partnership and look forward to our next chapter with H.I.G. Capital.”