Nordic Paper Interim report January - June 2021

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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