October 1, 2017 – US Newsprint Price Increase – Resolute Forest Products

Highlights first 9 months 2017 (vs. first 9 months 2016): * Paper volume hits new record level of 1 158 thousand tons (up 3 thousand tons), with average price still lower than last year * Turnover up +5% with strong performance in pulp, energy and tissue business: − Pulp sales grow 32% in value, with volume and price both rising − Power sales up 16%, reflecting successful operation of power generation assets − Tissue sales grow by 11% in volume and value * EBITDA of € 300 million in line with previous year and EBITDA/sales margin of 25% (vs. 26%). Click Read More below for additional information.

As part of optimising the Rottneros Group, a new organisation is introduced with a group-wide sales organisation and a site manager for each mill. At the same time, a group-wide safety function is established, which becomes part of the Human Resource Department. The purpose of the new organisation is to create an increased focus within each sub-area. Through the new organisation, the mills can focus wholeheartedly on productivity, quality, environment, costs and completion of Agenda 500. The common safety function also means that we will be able to get even more out of our high-priority safety work in the future, while it can be conducted in an efficient way, comments Lennart Eberleh, President and CEO of Rottneros. Click Read More below for additional information.

Stora Enso has divested 100% of its shares in the Finnish Puumerkki Oy and the Estonian Puumerkki AS to Mimir Invest AB, a global investment firm. Puumerkki is a specialised wholesaler of wooden building materials and was 100% owned by Stora Enso. This divestment supports Stora Enso’s Wood Products division in focusing on its growth strategy and further build on the strength of the premium portfolio of products and services. Puumerkki’s wholesale business does not belong to Stora Enso’s core business. The new owner is in a better position to give Puumerkki the attention it deserves and ensure its long-term development. Puumerkki will continue to be a key customer for Stora Enso’s renewable building materials also going forward. Click Read More below for additional information.