Nordic Paper Interim report January – September 2020
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)
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Operating result was SEK -40m (129), corresponding to an operating margin of -6.3% (16.3)
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Net result for the period amounted to SEK -32m (102)
-
Cash flow from operating activities was SEK 144m (213)
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Basic and diluted earnings per share were SEK -0.49* (1.52*)
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Return on operating capital was 20.9% (35.3)
Significant events after the quarter
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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
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