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Apr: Pulp shipments +2% y-o-y

Companies: NSKOG BILL SCAB SCAB HOLMB BRG BRG HUH1V METSB STERV UPM NSKOG ESSITYB HOLMB NPAPER BILL ELO

Paper joins the party with pulp and labels

Companies: UPM-Kymmene Oyj

Large forest deal at EV/EBITDA 36-60x

Companies: NSKOG BILL RROS SCAB SCAB BRGB HOLMB BRG BRG HUH1V METSB STERV UPM ATC NSKOG HOLMB NPAPER BILL RROS ELO

Operating improvements continued despite languishing paper

Companies: UPM-Kymmene Oyj

Mar: Pulp shipments +7% y-o-y

Companies: NSKOG BILL SCAB SCAB HOLMB BRG BRG HUH1V METSB STERV UPM NSKOG ESSITYB HOLMB NPAPER BILL ELO

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