Nordic Paper Interim report January-September 2021
Regulatory
QUARTERLY RESULTS julY - september
- Net sales increased by 11% to SEK 711m (639), excluding currency effects the increase was 12%
- EBITDA amounted to SEK 15m (-13), corresponding to an EBITDA margin of 2.1% (-2.0)
- Operating profit amounted to SEK -14m (-40), corresponding to an operating profit margin of-1.9% (-6.3%)
- Net result for the period was SEK -17m (-32)
- Cash flow from operating activities was SEK 153m (144)
- Earnings per share was SEK -0.25 (-0.49**)
- Return on operating capital was 20.9% (20.9)
- Sales volume increased by 2% to 62 ktonnes (61)
significant events after the quarter
- The Board of Directors of Nordic Paper has, as communicated in yesterday’s press release, decided to postpone a potential investment decision for the initial phase of the expansion of the production unit in Bäckhammar until a production permit for the entire expansion has been obtained and the conditions linked to this permit are known. The company estimates that a new production permit may be obtained earliest in the beginning of 2023.
KEY FIGURES
| SEKm | 2021 Q3 |
2020 Q3 |
Δ, % | 2021Jan-Sep | 2020 Jan-Sep | Δ, % | R 12 m | 2020 Full year |
| Net sales | 711 | 639 | 11 | 2,273 | 2,233 | 2 | 2,944 | 2,903 |
| EBITDA | 15 | -13 | 234 | 314 | 377 | 458 | ||
| Adjusted EBITDA* | 15 | -13 | 310 | 314 | 453 | 458 | ||
| EBITDA-margin, % | 2.1 | -2.0 | 10.3 | 14.1 | 12.8 | 15.8 | ||
| Adjusted EBITDA-margin, % * | 2.1 | -2.0 | 13.6 | 14.1 | 15.4 | 15.8 | ||
| Operating profit | -14 | -40 | 148 | 235 | 260 | 348 | ||
| Adjusted operating profit* | -14 | -40 | 224 | 235 | 336 | 348 | ||
| Operating profit margin, % | -1.9 | -6.3 | 6.5 | 10.5 | 8.8 | 12.0 | ||
| Adjusted operating profit margin, % * | -1.9 | -6.3 | 9.8 | 10.5 | 11.4 | 12.0 | ||
| Profit for the period | -17 | -32 | 100 | 182 | 175 | 258 | ||
| Earnings per share, SEK | -0.25 | -0.49** | 1.49 | 2.73** | 2.62 | 3.85 | ||
| Cash flow from operating activities | 153 | 144 | 333 | 334 | 360 | 352 | ||
| Return on operating capital 12m, % | 20.9 | 20.9 | 20.9 | 20.9 | 20.9 | 26.9 | ||
| Net debt/EBITDA 12 m, ratio*** | 1.7 | -0.3 | 1.7 | -0.3 | 1.7 | 1.6 | ||
| Sales volume, ktonnes | 62 | 61 | 2 | 211 | 203 | 4 | 275 | 267 |
* Adjusted for the SEK 76m provision that was made in Q2 2021 for remediation of buildings and land in Säffle
**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. The information was submitted for publication, through the agency of the contact person set out above, at 7.30am CEST on 28 October 2021.