Market News of Note

SCA will increase the price on NBSK pulp (Northern Bleached Softwood Kraft) in Europe by 50 USD per tonne. The new price will be effective February 1st.

President-elect Donald Trump's threat to impose a 25% tariff on Canadian imports could significantly disrupt the U.S. lumber supply chain, according to Rajan Parajuli, an associate professor of forest economics and policy at NC State University.

Essity has received information that a minority of investors, in some of its Luxembourg-listed bond series, have initiated proceedings in English court.

If the Order Sought is granted by the AMF, Smurfit Westrock will cease to be a reporting issuer in the Canadian Jurisdictions and, as a result, will no longer be subject to continuous disclosure requirements under Canadian securities legislation.

Metsäliitto Cooperative has signed a new EUR 200 million sustainability-linked revolving credit facility with a syndicate of eight banks. This new credit facility refinances the existing EUR 200 million facility signed in December 2018 and will be used for general corporate purposes. The facility has a tenor of five years and includes two one-year extension options.

Rottneros has entered into a new loan agreement with Danske Bank and Svensk Exportkredit whereby the existing long-term facilities will be refinanced. The new facilities amount to a total of 550 MSEK divided into term loan facilities of 400 MSEK in total and a revolving credit facility of up to 150 MSEK.

Felix Schoeller increases price for its digital media products as of 1st January 2025.

The Notes were offered in a private placement and there was no public offering of the Notes.

The Notes were offered in a private placement and there was no public offering of the Notes.

Essity disputes the demand.

The company attributed the decline primarily to "more planned maintenance shuts" and a forestry fair value loss. This was in addition to softer seasonal demand and higher input costs, it said.

Södra is taking action to strengthen conditions for family forestry and to develop its member offer. On 21 October, prices were raised for saw logs and small-diameter sawable ranges, and a new tool is being introduced to increase security for forest owners. Södra is also taking further steps to improve transparency in the wood market.

Kimberly-Clark cut its annual organic net sales forecast after missing Wall Street estimates for third-quarter sales, as consumers swap its pricier personal care goods for cheaper alternatives.

Third quarter net sales were $2.2 billion in 2024, up from $1.9 billion in 2023.

West Fraser Timber Co. Ltd. announced third-quarter results for 2024, reporting a loss of $83 million compared to a $105 million profit in the second quarter. The company's sales fell to $1.437 billion, marking a 16% decline from the prior quarter's $1.705 billion. Adjusted EBITDA stood at $62 million, down from $272 million in the second quarter​​.

The strong third quarter results were mainly driven by increased sales volume and higher average selling prices of exported products, with a favorable contribution from exchange rates.

Huhtamäki, a global producer of food and beverage packaging, reported net sales in line with expectations in the third quarter. Operating profit was worse than expected.

In the third quarter of 2024, net sales for the Södra Group amounted to SEK 6,944 million (6,545), up 6 percent compared with the year-earlier period. Operating profit totalled SEK 937 million (410), representing an operating margin of 13 percent (6). Return on capital employed was 10 percent (12) and the equity ratio was 61 percent.

Weyerhaeuser Company reported Q3 net earnings of $28 million, or 4 cents per diluted share, on net sales of $1.7 billion. This compares with net earnings of $239 million, or 33 cents per diluted share, on net sales of $2.0 billion for the same period last year and net earnings of $173 million for Q2 2024.

Canfor Corporation recorded an operating loss of $560 million in the third quarter of 2024, reflecting intensified challenges across its lumber and pulp segments.

The benefits for Metsä Group's contract customers will get even better when Metsä Group reforms its price guarantee method for wood trade, making it more transparent.

UFP Industries, Inc. (UFPI) announced Q3 2024 results including net sales of $1.65 billion, net earnings attributable to controlling interest of $100 million, and earnings per diluted share of $1.64.

UPM-Kymmene Corporation posted a 32% increase in comparable EBIT for Q3 2024, reaching Euro 291 million, despite a 2% drop in sales to Euro 2,521 million from Euro 2,584 million in the same quarter last year.

PotlatchDeltic Corporation reported net income of $3.3 million, or $0.04 per diluted share, on revenues of $255.1 million for the quarter ended September 30, 2024.

U.S. containerboard production in Q3 2024 increased 3% compared to Q3 2023. It was up 6% when compared to the same nine months of 2023, according to the American Forest & Paper Association (AF&PA).