Nordic Paper Interim report January – September 2020

Regulatory

Publish date: 28 Oct 2020 07:00

Quarterly results july - September

  • Net sales decreased by 19% to SEK 639m (791), excluding currency effects the decrease was 16%

  • EBITDA was SEK -13m (153), corresponding to an EBITDA margin of -2.0% (19.4)

  • Maintenance stop in Bäckhammar affected the result negatively by MSEK 79 (0). Corresponding cost

    in 2019 of SEK 57m charged the fourth quarter.

  • IPO costs in the quarter was SEK 10m (0)

  • Operating result was SEK -40m (129), corresponding to an operating margin of -6.3% (16.3)

  • Net result for the period amounted to SEK -32m (102)

  • Cash flow from operating activities was SEK 144m (213)

  • Basic and diluted earnings per share were SEK -0.49* (1.52*)

  • Return on operating capital was 20.9% (35.3)

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Significant events after the quarter

  • On extra general meeting on 1 October a split was made of the company’s share 1,400:1

  • A dividend of SEK 950m was paid out to the parent company, after which the available credit facilities

    amounts to SEK 800m

  • The 22 October Nordic Paper’s shares were listed on Nasdaq Stockholm

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Key figures

2020

 2019 2020 2019 2019
SEKm Q3 Q3 Δ, % Jan-Sep Jan-Sep Δ, % R 12m Full year
Net sales 639 791 -19 2,233 2,493 -10 2,971 3,231
EBITDA -13 153 -108 314 564 -44 377 629
EBITDA margin, % -2.0 19.4 14.1 22.6 12.7 19.5
Operating result -40 129 -131 235 491 -52 272 530
Operating margin, % -6.3 16.3 10.5 19.7 9.2 16.4
Result for the period -32 102 -131 182 382 -52 212 414
Basic and diluted earnings per share, SEK* -0.49 1.52 2.73 5.71 3.17 6.19
Cash flow from operating activities 144 213 -32 334 442 -24 451
Return on operating capital 12m, % 20.9 35.3 33.7 42.3 33.7 39.4
Net debt/EBITDA 12m, ratio** -0.3 0.0 -0.3 0.0 0.0 0.0
Sales volumes, ktonnes 61 69 -12 203 211 -4 264 27

*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

Anita Sjölander, CEO

Tel: +46 703 097 484

E-mail: anita.sjolander@nordic-paper.com

Ingrid Östhols, IR

Tel: +46 721 810 867

E-mail: ingrid.osthols@nordic-paper.com