Nordic Paper Interim report January - June 2021

QUARTERLY RESULTS april - junE

• Net sales increased by 3% to SEK 790m (767), excluding negative currency effects the increase was 10%
• During the quarter, the company decided to discontinue the pulp production at the Säffle plant during the year and as a result of the decision, a provision was made for one-off costs of SEK 76m related to remediation of buildings and land
• EBITDA amounted to SEK 84m (154). Excluding the SEK 76m provision for costs for remediation of buildings and land in Säffle, adjusted EBITDA amounted to SEK 160m (154)
• EBITDA-margin was 10.7% (20.1) and adjusted EBITDA-margin was 20.3% (20.1)
• Adjusted operating profit was SEK 131m (128), corresponding to an adjusted operating profit of 16.6% (16.7)
• Net result for the period was SEK 35m (93)
• Cash flow from operating activities was SEK 134m (193)
• Earnings per share was SEK 0.53 (1.39*)
• Return on operating capital was 18.4% (33.7)
• Sales volumes increased by 7% to 74 ktonnes (69)

KEY FIGURES

SEKm	2021 Q2	2020 Q2	Δ, %	2021   Jan-Jun	2020   Jan-Jun	Δ, %	R 12 m	2020 Full year
Net sales	790	767	3	1,562	1,593	-2	2,872	2,903
EBITDA	84	154	-45	219	328	-33	348	458
Adjusted EBITDA	160	154	4	295	328	-10	424	458
EBITDA-margin, %	10.7	20.1		14.0	20.6		12.1	15.8
Adjusted EBITDA-margin, %	20.3	20.1		18.9	20.6		14.8	15.8
Adjusted operating profit	131	128	2	237	276	-14	309	348
Adjusted operating profit margin, %	16.6	16.7		15.2	17.3		10.8	12.0
Profit for the period	35	93	-62	116	215	-46	159	258
Earnings per share, SEK	0.53	1.39*		1.74	3.22*		2.38	3.85
Cash flow from operating activities	134	193	-31	180	190	-5	293	352
Return on operating capital 12m, %	18.4	33.7		18.4	33.7		18.4	26.9
Net debt/EBITDA 12 m, ratio**	2.1	-0.0		2.1	-0.0		2.1	1.6
Sales volume, ktonnes	74	69	7	149	142	5	274	267

*Recalculated for the 1,400:1 split of the company’s ordinary shares, which was decided by the extraordinary general meeting on 1 October 2020.

**Negative value because of net cash.

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 set out above, at 7.30am CEST on 20 July 2021.

Nordic Paper is a Scandinavian specialty paper producer, manufacturing top-quality paper since the 19th century. We are a leading supplier of kraft and natural greaseproof paper. Our products are based on renewable raw material from local forests. From our four Scandinavian mills we supply customers in more than 70 countries. Nordic Paper had in 2020 net sales of SEK 2,900m, about 630 employees and is listed on Nasdaq Stockholm. www.nordic-paper.com