UPM Timber has completed employee consultation process

Key highlights Q3: Strong organic* and currency neutral sales growth of 20%; Record underlying EBITDA performance; Price and mix management more than offset cost inflation; Excellent cash delivery and all-time low leverage. Quarterly data Q3: Net sales increased by 82% to SEK 11,814 million (6,494), whereof Billerud North America accounted for SEK 3,718 million; Operating profit was SEK 1,536 million (639); Net profit was SEK 1,347 million (477)

Please note that our Standard 45g Newsprint price will increase by $20/MT for shipments on or after January 1st, 2021, and will increase by an additional $20/MT for shipments on or after February 1st, 2021. Prices for all other basis weights and uncoated mechanical publishing grades will be adjusted accordingly.

According to the report, total printing-writing paper shipments decreased 26 percent in July compared to July 2019. U.S. purchases of total printing-writing papers decreased 24 percent in July compared to the same month last year. Total printing-writing paper inventory levels decreased five percent when compared to June 2020. Uncoated free sheet (UFS) paper shipments decreased 22 percent compared to July 2019 while the inventory level decreased four percent compared to June 2020. UFS imports and exports both decreased compared to June 2019, down 14 percent and 36 percent respectively. U.S. purchases of coated free sheet (CFS) papers in July decreased 14 percent compared to last July while the inventory level decreased four percent compared to June 2020. CFS imports and exports both decreased compared to June 2019, down 22 percent and 29 percent respectively. Coated mechanical (CM) paper shipments decreased 46 percent compared to July 2019 while the inventory level decreased eight percent compared to June 2020. CM imports decreased 67 percent while exports increased 39 percent in June 2020. U.S. purchases of uncoated mechanical (UM) papers in July decreased 27 percent compared to last July while the inventory level decreased 19 percent compared to June 2020. UM imports and exports both decreased compared to June 2019, down 48 percent and 59 percent respectively.