Nordic Paper Year-end report January – December 2020
Quarterly results October - December
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Net sales decreased by 9% to SEK 670m (738), excluding currency effects the decrease was 3%
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EBITDA was SEK 144m (65), corresponding to an EBITDA margin of 21.4% (8.8)
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Maintenance stop in Bäckhammar affected the quarterly operating result negatively by SEK 9m (57)
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IPO costs in the quarter was SEK 2m (-)
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Operating profit was SEK 113m (40), corresponding to an operating margin of 16.8% (5.4)
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Net result for the period amounted to SEK 75m (32)
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Cash flow from operating activities was SEK 17m (14)
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Earnings per share were SEK 1.13 (0.48*)
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Return on operating capital was 26.9% (39.4)
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Nordic Paper was listed on Nasdaq Stockholm on 22 October
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The Board of Directors proposes a dividend of SEK 2.00 per share, corresponding to a total amount of SEK 134m
Key figures
| 2020 | 2019 | 2020 | 2019 | |||
| SEKm | Q4 | Q4 | Δ, % | Full year | Full year | Δ, % |
| Net sales | 670 | 738 | -9 | 2,903 | 3,231 | -10 |
| EBITDA | 144 | 65 | 119 | 458 | 629 | -27 |
| EBITDA margin, % | 21.4 | 8.8 | 15.8 | 19.5 | ||
| Operating profit | 113 | 40 | 182 | 348 | 530 | -34 |
| Operating margin, % | 16.8 | 5.4 | 12.0 | 16.4 | ||
| Profit for the period | 75 | 32 | 134 | 258 | 414 | -38 |
| Earnings per share, SEK | 1.13 | 0.48* | 3.85 | 6.19* | ||
| Cash flow from operating activities, | 17 | 14 | 24 | 352 | 451 | -22 |
| Return on operating capital 12m, % | 26.9 | 39.4 | 26.9 | 39.4 | ||
| Net debt/EBITDA 12m, ratio** | 1.6 | -0.0 | 1.6 | -0.0 | ||
| Sales volumes, ktonnes | 64 | 61 | 4 | 267 | 272 | -2 |
*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
Ingrid Östhols, IR
Tel: +46 721 810 867
E-mail: ingrid.osthols@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 persons set out above, at 7.30am CET on January 28, 2021.
Nordic Paper is a Scandinavian specialty paper producer, manufacturing top-quality paper since the 19th century. We are a leading supplier of sustainable kraft and greaseproof paper. Our products are based on renewable raw material from local forests. From our four modern 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