Quarterly results July - September- Net sales increased by 46% to
SEK 1,037m (711). The Canadian operations acquired on 31 December 2021 contributed with SEK 86m to net sales. -
EBITDA increased to
SEK 77m (15), corresponding to an EBITDA margin of 7.4% (2.1). -
Operating profit amounted to
SEK 40m (-14), corresponding to an operating margin of 3.9% (-1.9). -
Net profit for the period was
SEK 38m (-17) and earnings per share amounted to SEK 0.57 (-0.25). -
Cash flow from operating activities was
SEK 257m (153). -
Return on operating capital 12 m was 27.3% (20.9).
-
Net debt/EBITDA 12 m amounted to 1.6 (1.7).
-
Sales volumes amounted to 61.9 ktonnes (62.0), of which 3.2 ktonnes were from acquired operations.
Significant events after the end of the quarter- After the end of the quarter
Nordic Paper sold its 37.6% minority shareholding in Åmotfors Energi . As a result of the transaction Nordic Paper will report a capital gain and a positive cash flow effect, both of around SEK 40m , in Q4 this year. In conjunction with the transaction Nordic Paper and Åmotfors Energi AB also entered into a new long-term supply contract for steam, hot water and a proportion of the electricity required for the production of kraft paper at Nordic Paper's plant in Åmotfors.
key figures
- After the end of the quarter
Nordic Paper sold its 37.6% minority shareholding in ÅmotforsEnergi . As a result of the transactionNordic Paper will report a capital gain and a positive cash flow effect, both of aroundSEK 40m , in Q4 this year. In conjunction with the transactionNordic Paper and ÅmotforsEnergi AB also entered into a new long-term supply contract for steam, hot water and a proportion of the electricity required for the production of kraft paper atNordic Paper's plant in Åmotfors.
key figures
SEKm | 2022 Q3 | 2021 Q3 | Δ, % | 2022 Jan-Sep | 2021 Jan-Sep | Δ, % | R 12 m | 2021Full year |
Net sales | 1,037 | 711 | 46 | 3,234 | 2,273 | 42 | 4,043 | 3,083 |
EBITDA | 77 | 15 | 414 | 561 | 234 | 140 | 686 | 358 |
Adjusted EBITDA1 | 77 | 15 | 414 | 561 | 310 | 81 | 686 | 434 |
EBITDA margin, % | 7.4 | 2.1 | 17.4 | 10.3 | 17.0 | 11.6 | ||
Adjusted EBITDA margin, %1 | 7.4 | 2.1 | 17.4 | 13.6 | 17.0 | 14.1 | ||
Operating profit | 40 | -14 | 453 | 148 | 207 | 513 | 208 | |
Adjusted operating profit1,2 | 40 | -14 | 453 | 224 | 102 | 545 | 316 | |
Operating margin, % | 3.9 | -1.9 | 14.0 | 6.5 | 12.7 | 6.8 | ||
Adjusted operating margin, %1,2 | 3.9 | -1.9 | 14.0 | 9.8 | 13.5 | 10.3 | ||
Net profit for the period | 38 | -17 | 363 | 100 | 265 | 408 | 144 | |
Earnings per share, SEK3 | 0.57 | -0.25 | 5.43 | 1.49 | 6.10 | 2.15 | ||
Cash flow from operating activities | 257 | 153 | 69 | 428 | 333 | 28 | 503 | 408 |
Return on operating capital, 12 m, % | 27.3 | 20.9 | 27.3 | 20.9 | 27.3 | 15.9 | ||
Net debt/EBITDA, 12 m, multiple | 1.6 | 1.7 | 1.6 | 1.7 | 1.6 | 3.7 | ||
Sales volume, ktonnes | 61.9 | 62.0 | 0 | 216.3 | 211.3 | 2 | 285.6 | 280.6 |
1 For Jan-
2 For full year 2021 and R 12 m adjusted for the impairment loss of
3 Before and after dilution
For further information please contact:
Tel: +46 705 654 257
Email: niclas.eriksson@nordic-paper.com
Henrik Essén, Head of Strategy and IR
Tel: +46 730 573 801
Email: henrik.essen@nordic-paper.com
This is information that
https://news.cision.com/nordic-paper/r/nordic-paper-interim-report-january-september-2022,c3657188
https://mb.cision.com/Main/13472/3657188/1645241.pdf
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