2021 Annual Highlights (comparative figures have been restated to reflect discontinued operations2) Sales of $3,956 million (compared with $4,105 million in 2020) As reported (including specific items) Operating income of $50 million (compared with $292 million in 2020) Operating income before depreciation and amortization (OIBD) of $302 million (compared with $543 million in 2020) Net earnings per common share of $1.60 (compared with $2.04 in 2020) Net earnings per common share of $0.26 (compared with $1.95 in 2020) Net debt1 of $1,351 million as at December 31, 2021 (compared with $1,760 million as at September 30, 2021). Net debt to adjusted OIBD ratio1 of 3.5x down from 3.8x as at September 30, 2021.

The recyclable and compostable UPM Solide Lucent is a highly versatile specialty kraft paper with endless possibilities for recyclable packaging innovations. The paper is suitable as a coating base or for lamination, single-packs, bags, and wraps; UPM Solide Lucent can do it all and more! UPM Solide Lucent is a brilliant example of the type of packaging innovations the world needs right now. Through co-creation, it enables brand owners to effectively reduce the amount of fossil-based or non-recyclable materials and increase usage of materials from renewable sources in their packaging. “Together with customers and partners, we can develop truly sustainable medium and high barrier packaging solutions, matching customer needs in a wide range of food and non-food applications,” explains Mika Uusikartano, Senior Manager, Product Portfolio Management, UPM Specialty Papers. “Thanks to its outstanding sustainability credentials, this paper is a safe and smart choice for converters and brand owners looking to co-create new products with us. The target is also to reduce value chain recycling fees in the long run,” continues Tommi Heinonen, Head of Sales, UPM Specialty Papers.

Billerud presents a machine glazed kraft paper especially adapted and validated for wrapping toilet and kitchen paper rolls. Hitting the sustainability sweet spot – renewable, recyclable and biodegradable, but also enduring tough handling as good as any PE plastic. Toilet and kitchen paper rolls are consumed in enormous numbers every day. For brand owners, switching from plastic to this paper wrapping would mean a significant sustainability gain. But also, for meeting consumer preferences. An Ipsos Global survey of 20 000 consumers (2021) shows that three out of four consumers want to get rid of single-use plastics. So, this new alternative from Billerud is a strong tool to decrease the gap between brands and consumers. Sustainability and a low carbon footprint are obvious strengths, but the new wrapping has more up its sleeve. Billerud’s white, long, soft virgin fibers enable excellent printability. The packaging will certainly stand out on the shelf.