The Navigator Company to increase uncoated woodfree paper prices by 5-7%

Q3/2022 (year-on-year) *Sales increased by 15% to EUR 2,963 (2,577) million. *Operating profit (IFRS) increased to EUR 511 (386) million. *EPS was EUR 0.47 (0.38) and EPS excl. fair valuations (FV) was EUR 0.47 (0.37). *Cash flow from operations amounted to EUR 639 (485) million. Cash flow after investing activities was EUR 489 (347) million. Q1-Q3/2022 (year-on-year) *Sales were EUR 8,816 (7,445) million. *Operational EBIT was EUR 1,536 (1,102) million.

Mondi has made good progress on the previously announced €20 million investment programme at its Neusiedler uncoated fine paper mills (Austria). The full benefit of the upgrades is expected from the first quarter of 2025, including reduced greenhouse gas emissions and increased energy efficiency and operational safety. The programme includes four key projects at the Kematen pulp and paper mill: rebuild of the recovery boiler and associated infrastructure to increase energy efficiency and improve overall performance; upgrade of the pulp dryer from gas burners for air heating to steam heat exchangers to eliminate emissions and further improve safety; installation of a new steam accumulator to balance fluctuations in steam demand which improves efficiency and turbine performance; and revamp of the steam turbine with a new rotor to increase electricity production. Additional enhancements include a new steam system and heat recovery at the paper machine, and winder optimisation to improve customer reel output. The programme also included upgrades at the Theresienthal site to improve the efficiency of the paper machine’s steam and condensate system, increase automation in the additive kitchen, and introduce a refined winder concept.

Building Strong Relationships reviews 2021 and looks at both our achievements and our opportunities to do better. In particular, it highlights the work we did in building relationships with the Indigenous communities in whose traditional territories we operate and our corporate giving campaign which had a greatly increased budget in 2021. The report also looks at our environmental and economic impacts nationally and on a mill-by-mill basis. From an environmental standpoint, 85% of our total energy use was renewable in 2021 and we have continued to reduce our greenhouse gas emissions—now down by 66% since 1990. From an economic perspective, the total economic activity created by Paper Excellence Canada operations was $4.8 billion. “Paper Excellence Canada’s spent this last year putting our words into action and I’m proud of what we have achieved,” said Graham Kissack, Vice President, Environment, Health & Safety and Corporate Communications. “Our vision is to be a profitable, sustainable, and globally competitive fibre products provider that is environmentally and economically beneficial to all stakeholders and this year’s achievements have supported us in that aim.”