Key highlights Q4: *Organic* and currency neutral sales growth of 14% *Solid operating cash flow and strong balance sheet *Shift towards softer demand and declining sentiment. Quarterly data Q4: *Net sales increased by 79% to SEK 11,971 million (6,688), whereof Billerud North America accounted for SEK 4,004 million *Operating profit was SEK 1,353 million (418), including items impacting comparability of SEK -52 million (-177) *Net profit was SEK 940 million (320). Comments by the CEO: Full-year performance 2022 has been excellent. Organic and currency neutral sales growth for the year was 16%. The EBITDA margin was 19% and earnings per share increased from SEK 7.2 to SEK 20.1. The Board of Directors proposes an approximately 75% increase of dividend to SEK 7.5 per share.

Mercer International Inc. announced that it has entered into an agreement to acquire all of the outstanding shares of the parent company of HIT for consideration of €270 million, inclusive of forecasted net working capital of approximately €43 million. HIT owns, among other things, 100% of a timber processing and value-add pallet production facility in Torgau, Germany (the “HIT Facility“) and a wood processing facility in Dahlen, Germany that produces garden products.

Stora Enso has launched a comprehensive biodiversity programme and related targets for its land holdings in Sweden. The programme, which covers the Company’s forest land in Sweden, has five focus areas, each with specific actions and measurable targets for 2030. Combined with the ongoing biodiversity work, the new biodiversity programme with more than 30 actions will lead to increased nature values and strengthened biodiversity across Stora Enso’s land holdings in Sweden. Some examples of activities from the programme’s focus areas and main targets for 2030: • Deadwood: Over 40% of red-listed forest species depend on deadwood. Stora Enso aims to increase the amount of dead wood on its land holdings by 40%. • Broadleaved trees: Broadleaved trees provide critical habitats for many species. Stora Enso will double the number of broadleaved trees in young forests and plant 700,000 birch trees annually. • Water: Watercourses and wetlands are often rich in biodiversity since many species depend on water for different life stages. Stora Enso will identify four major water landscapes for restoration and remove migration barriers in all identified valuable watercourses. • Species and habitats: An umbrella species is an animal or plant that lives in an area with many other endangered species. The new biodiversity programme focuses on protecting four umbrella species, which in turn benefit hundreds of other red-listed species. • Active biodiversity management: actions in this focus area include increasing annual prescribed burning by 20% on average in the protection areas over a five-year period.