QUARTERLY RESULTS oCtober - december- Net sales increased by 49% to
SEK 1,206m (810m). The Canadian operations acquired on 31 December 2021 contributed with SEK 93m to net sales. -
EBITDA increased to
SEK 260m (124m), corresponding to an EBITDA margin of 21.5% (15.4%). -
Operating profit amounted to
SEK 223m (61m), corresponding to an operating margin of 18.5% (7.5%). -
Net profit for the period was
SEK 202m (45m) and earnings per share amounted to SEK 3.03 (0.67). -
Cash flow from operating activities was
SEK 132m (75m). -
Return on operating capital 12 m was 32.5% (15.9%).
-
Net debt/EBITDA 12 m amounted to 1.2 (3.7).
-
Sales volumes amounted to 68.2 ktonnes (69.3), of which 3.3 ktonnes were from acquired operations.
-
During the quarter,
Nordic Paper sold its 37.6% minority shareholding in Åmotfors Energi AB . The results for the quarter include a capital gain in net financial items and a positive cash flow effect from investing activities of SEK 42m as a result of the transaction. -
The Board of Directors is proposing a dividend of
SEK 4.65 per share, corresponding to a total dividend of SEK 311m .
KEY FIGURES
SEKm | 2022 Q4 | 2021 Q4 | Δ, % | 2022 Full year | 2021 Full year | Δ, % |
Net sales | 1,206 | 810 | 49 | 4,440 | 3,083 | 44 |
EBITDA | 260 | 124 | 109 | 821 | 358 | 129 |
Adjusted EBITDA1 | 260 | 124 | 109 | 821 | 434 | 89 |
EBITDA margin, % | 21.5 | 15,4 | 18.5 | 11.6 | ||
Adjusted EBITDA margin, %1 | 21.5 | 15,4 | 18.5 | 14.1 | ||
Operating profit | 223 | 61 | 268 | 676 | 208 | 225 |
Adjusted operating profit1,2 | 223 | 93 | 141 | 676 | 316 | 114 |
Operating margin, % | 18.5 | 7.5 | 15.2 | 6.8 | ||
Adjusted operating margin, %1,2 | 18.5 | 11.4 | 15.2 | 10.3 | ||
Net profit for the period | 202 | 45 | 354 | 566 | 144 | 293 |
Earnings per share, SEK3 | 3.03 | 0.67 | 8.46 | 2.15 | ||
Cash flow from operating activities | 132 | 75 | 76 | 560 | 408 | 37 |
Return on operating capital, 12 m, % | 32.5 | 15.9 | 32.5 | 15.9 | ||
Net debt/EBITDA, 12 m, multiple | 1.2 | 3.7 | 1.2 | 3.7 | ||
Sales volume, ktonnes | 68.2 | 69.3 | -2 | 284.5 | 280.6 | 1 |
1 For full year 2021 adjusted for the
2 For Q4 2021 and for full year 2021 adjusted for the impairment loss of
3 Net profit for the period includes a capital gain in net financial items of
4 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-year-end-report-january-december-2022,c3704283
https://mb.cision.com/Main/13472/3704283/1808155.pdf
(c) 2023 Cision. All rights reserved., source