Nordic Paper Interim report January-June 2022

2022-07-20 07:30:00
quarterly results april - june
  • Net sales increased by 45% to SEK 1,144m (790). The Canadian operations acquired on 31 December 2021 contributed with a net sales of SEK 80m.
  • EBITDA increased to SEK 247m (84) corresponding to an EBITDA margin of 21.6% (10.7).
  • Operating profit was SEK 211m (55), corresponding to an operating margin of 18.4% (7.0%).
  • Net result for the period amounted to SEK 164m (35) and earnings per share were SEK 2.44 (0.53).
  • Cash flow from operating activities was SEK 118m (134).
  • Return on operating capital was 27.3% (18.4).
  • Net debt/EBITDA 12 m amounted to 2.2 (2.1).
  • Sales volumes increased by 5% to 77.6 ktonnes (74.1) out of which 3.3 ktonnes were from acquired operations.
  • A dividend of SEK 2.00 per share was paid during the quarter, in total worth SEK 134m.

KEY FIGURES

[][][][][]
SEKm 2022 2021 Δ, 2022 2021 Δ, R 12 m 2021 Full year
Q2 Q2 % Jan Jan %
-Jun -Jun
Net sales 1,144 790 45 2,196 1,562 41 3,717 3,083
EBITDA 247 84 193 484 219 121 623 358
Adjusted EBITDA 247 160 54 484 295 64 623 434
[1]
EBITDA-margin, % 21.6 10.7 22.0 14.0 16.8 11.6
Adjusted EBITDA 21.6 20.3 22.0 18.9 16.8 14.1
-margin, % [1]
Operating profit 211 55 282 413 161 156 459 208
Adjusted 211 131 61 413 237 74 491 316
operating profit
[1, 2]
Operating margin, 18.4 7.0 18.8 10.3 12.4 6.8
%
Adjusted 18.4 16.6 18.8 15.2 13.2 10.3
operating margin,
% [1, 2]
Profit for the 164 35 361 325 116 180 353 144
period
Earnings per 2.44 0.53 4.86 1.74 5.28 2.15
share, SEK [3]
Cash flow from 118 134 -12 170 180 -6 398 408
operating
activities
Return on 27.3 18.4 27.3 18.4 27.3 15.9
operating capital
12m, %
Net debt/EBITDA 2.2 2.1 2.2 2.1 2.2 3.7
12 m, ratio
Sales volume, 77.6 74.1 5 154.4 149.3 3 285.7 280.6
ktonnes

[1] Q2 2021, Jan-Jun 2021 and full year 2021 adjusted for the SEK 76m provision that was made in Q2 2021 for remediation of buildings and land in Säffle

[2] Full year 2021 and R 12 m adjusted for the SEK 32m write-down of the pulp production in Säffle that was made in Q4 2021

[3] Before and after dilution

For further information, please contact:

Niclas Eriksson, CFO
Tel: +46 705 654 257
E-mail: niclas.eriksson@nordic-paper.com

Henrik Essén, Head of Strategy and IR
Tel: +46 730 573 801
E-mail: henrik.essen@nordic-paper.com

This is information that Nordic Holding AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the contact person above, at 7.30am CEST on 20 July 2022.

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