Interim Report Q1 2018

JANUARY 1 – MARCH 31, 2018(compared with the year-earlier period) · Net sales increased 11% to SEK 4,400m (3,972). Sales growth was mainly related to higher prices in the industrial units. · EBITDA rose 47% to SEK 1,175m (797). The improvement in EBITDA was mainly related to higher prices in Wood, Pulp and Kraftliner, and an improved market and product mix. · EBITDA margin increased to 26.7% (20.1) · Earnings per share amounted to SEK 1.00 (0.52) · Operating cash flow, which excludes strategic capital expenditures, rose to SEK 591m (85). Strategic capital expenditures