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Lecta Q3 2022 Performance Investment Call

Lecta reports Q3 profit of €2.6M compared with year-ago loss of €18.3M, as revenue increases 50% year-over-year to €514.6M; paper segment sales rise 63% to €1.38B from year-ago revenue of €846M, with strong growth in coated woodfree, specialties

Spanish pulp, paper industry association ASPAPEL names Eduardo Querol, vice chairman of Lecta, as new president; Querol succeeds Elisabet Alier, president of Alier paper mill, as president of ASPAPEL, and Enrique de Yraolagoitia succeeds Querol as VP

Lecta to invest in refuse-derived fuel boiler for Condat paper mill in France that will use local waste as fuel, cover about 50% of mill’s steam needs; project--set to be complete by mid-2024--will save money, cut CO2 emissions compared with natural gas

Lecta reports 2021 and H1 2022 data confirm improvement of key environmental KPI's to pre-pandemic trends; percentage of certified purchased pulp, discharge water flow values, water quality values and energy consumption values show significant improvement

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