Nordic Paper Interim report January – March 2021

Quarterly results january - march

• Net sales decreased by 7% to SEK 772m (827), excluding currency effects the decrease was 1%
• EBITDA was SEK 134m (174), corresponding to an EBITDA margin of 17.4% (21.1)
• Operating result was SEK 106m (148), corresponding to an operating margin of 13.8% (17.9)
• Net result for the period amounted to SEK 81m (122)
• Cash flow from operating activities was SEK 47m (-3)
• Earnings per share was SEK 1.21 (1.82*)
• Return on operating capital was 23.7% (36.4)
• Sales volumes increased by 3% to a record level of 75 ktonnes (73)

Significant events after the quarter

• Nordic Paper has decided to initiate consultations with trade unions regarding a discontinuation of pulp production at the Säffle plant and to replace it with purchased external pulp. A decision has also been made regarding investment in the plant of approximately SEK 70m primarily aimed at increasing efficiency in handling of external pulp.

key figures

SEKm	2021 Q1	2020 Q1	Δ, %	R 12 m	2020 Full year
Net sales	772	827	-7	2,849	2,903
EBITDA	134	174	-23	418	458
EBITDA margin, %	17.4	21.1		14.7	15.8
Operating profit	106	148	-28	306	348
Operating margin, %	13.8	17.9		10.7	12.0
Profit for the period	81	122	-34	216	258
Earnings per share, SEK	1.21	1.82*		3.24	3.85
Cash flow from operating activities,	47	-3		402	352
Return on operating capital 12m, %	23.7	36.4		23.7	26.9
Net debt/EBITDA 12m, ratio**	1.7	-0.0		1.7	1.6
Sales volumes, ktonnes	75	73	3	268	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 information is inside information that Nordic Holding AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 7.30am CEST on 28 April 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