Executive Summary *Fourth quarter 2022 net sales of $5.0 billion, even with the year-ago period, including organic sales growth of 5 percent. *Full-year 2022 net sales of $20.2 billion increased 4 percent, with organic sales up 7 percent. *Diluted net income per share for the fourth quarter was $1.50 in 2022 and $1.06 in 2021. Full-year diluted net income per share was $5.72 in 2022 and $5.35 in 2021. *Net sales in 2023 are expected to increase 0 to 2 percent, including organic sales growth of 2 to 4 percent. Diluted earnings per share is expected to increase 2 to 6 percent, driven by an operating profit increase in the mid-to-high single digits, both versus adjusted results in 2022.

Stora Enso is expanding its core packaging material offering with the launch of Performa Nova, a next-generation folding boxboard (FBB) that combines high yield with exceptional performance. The new board is designed to meet the growing demand for renewable, recyclable, and efficient packaging solutions in segments such as dry, frozen, and chilled food, chocolate, and confectionery. Performa Nova is now available to customers for orders following the start-up of Stora Enso’s state-of-the-art consumerboard production line in Oulu, Finland. The launch is a result of a major investment in fiber-based materials, reinforcing Stora Enso’s long-term commitment to packaging sustainability and innovation. Performa Nova is produced using FiberLight Tec™, Stora Enso’s extensively tested and proven proprietary technology that enables the creation of strong yet lightweight board. The result is higher material efficiency, which allows for more packages to be produced with less raw material -- without sacrificing packaging strength or visual appearance.

Neenah Industrial Solutions, a Mativ brand and leading manufacturer of critical components and specialty solutions, announces a name change and rebrand to Indafor. The rebrand provides the perfect opportunity for Neenah Industrial Solutions to move beyond the legacy parent company Neenah-based name and adopt a new name, look, contemporary website, and updated marketing collateral, resulting in the launch of the Indafor brand in March of 2024. The new Indafor name pays homage to the brand’s more than a century-old history of strength, innovation, and industrial solutions by marrying the words industrial and the Latin word for strong, fortis. The brand’s tagline, “Where it all comes together,” positions it for a future of continued partnership, process, and progress in pressure-sensitive tape backings, performance labels, medical packaging, dispersible technology, abrasive backings, and specialty paper markets.