January-
- The carrying amount of SCA's forest assets increased to
SEK 97.9bn (84.5) as ofDecember 31, 2022 due to continued increase in transaction prices for forest assets inNorthern Sweden . -
Net sales increased 10% to
SEK 20,794m (18,822), which mainly related to higher selling prices in containerboard and pulp. -
EBITDA increased 12% to
SEK 10,194m (9,109). The increase was mainly attributable to higher selling prices. Cost increases were largely offset through control over SCA's own value chain with a high degree of self-sufficiency in wood, energy, and logistics. EBITDA margin was 49.0% (48.4). -
Operating profit increased to
SEK 8,642m (7,634). -
Operating cash flow was
SEK 5,685m (5,216) and fully financed ongoing strategic capital expenditures. -
Earnings per share increased to
SEK 9.61 (8.46). -
The Board of Directors proposes a dividend of
SEK 2.50 (regular dividend in 2021:SEK 2.25 , extra dividend in 2021:SEK 1.00 ) per share.
October-December 2022 compared with October-December 2021 - Net sales increased 2% to
SEK 4,873m (4,763). -
EBITDA declined 29% to
SEK 1,981m (2,806). Adjusted for an unplanned production stop at Östrand (Pulp), which impacted earnings negatively with SEK 138m , EBITDA amounted to SEK 2,119m . Lower selling prices in solid-wood products had a negative impact on earnings. EBITDA margin was 40.6% (58.9).
October-December 2022 compared with July-September 2022 - Net sales declined to
SEK 4,873m (5,007), mainly related to lower selling prices for solid-wood products. -
EBITDA amounted to
SEK 1,981m (2,484). The decrease was primarily attributable to lower selling prices for solid-wood products and an unplanned production stop in pulp. EBITDA margin was 40.6% (49.6).
- Net sales declined to
SEK 4,873m (5,007), mainly related to lower selling prices for solid-wood products. -
EBITDA amounted to
SEK 1,981m (2,484). The decrease was primarily attributable to lower selling prices for solid-wood products and an unplanned production stop in pulp. EBITDA margin was 40.6% (49.6).
Quarter | Full year | |||||||||
SEKm | 2022:4 | 2021:4 | % | 2022:3 | % | 2022 | 2021 | % | ||
Net sales | 4,873 | 4,763 | 2 | 5,007 | -3 | 20,794 | 18,822 | 10 | ||
EBITDA | 1,981 | 2,806 | -29 | 2,484 | -20 | 10,194 | 9,109 | 12 | ||
EBITDA margin (%) | 40.6 | 58.9 | 49.6 | 49.0 | 48.4 | |||||
Operating profit | 1,590 | 2,408 | -34 | 2,094 | -24 | 8,642 | 7,634 | 13 | ||
Net Profit | 1,215 | 1,995 | -39 | 1,666 | -27 | 6,821 | 6,101 | 12 | ||
Earnings per share SEK | 1.76 | 2.77 | 2.35 | 9.61 | 8.46 | |||||
Operating cash flow | 727 | 1,763 | 1,873 | 5,685 | 5,216 | |||||
Net Debt / EBITDA (LTM) | 1.0x | 0.9x | 0.8x | 1.0x | 0.9x |
COMMENTS ON THE FINANCIAL STATEMENTS
Summary of the year
Earnings for 2022 were the highest ever for SCA. EBITDA amounted to
During 2022, SCA continued to invest in forest land and the company's holding amounted to 2.7 million hectares at the end of the year. Transaction prices for forest assets continued to increase in 2022 and the total carrying amount of SCA's forest assets amounted to
Summary of the fourth quarter
The supply of wood raw material to SCA's industries was stable during the quarter. The price of pulpwood and sawlogs increased compared with the preceding quarter.
Demand for solid-wood products remained weak in both the building materials trade and for new construction in most regions. Selling prices also declined compared with the preceding quarter on account of the weak demand.
Delivery volumes decreased in the Pulp segment compared with the preceding quarter, mainly related to the planned maintenance stop that was completed at the beginning of the period and a longer unplanned production stop.
Demand for kraftliner declined during the period as a result of lower demand for packaging. The lower demand meant the average selling price for kraftliner was lower than in the preceding quarter.
As a result of the above, earnings for the fourth quarter decreased compared to the preceding quarter and the corresponding quarter in the previous year.
SCA invests in wind power
A significant expansion of wind power is currently taking place in
INVITATION TO PRESS CONFERENCE ON THE 2022 YEAR-END REPORT
Members of the media and analysts are hereby invited to attend a press conference where this interim report will be presented by the President and CEO,
Time:
The press conference will be webcast live at www.sca.com. It is also possible to participate by telephone by calling:
US: +1 212 999 6659
Specify "SCA".
For further information, please contact
Please note:
This is information that SCA is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. This report has been prepared in both Swedish and English versions. In case of variations in the content between the two versions, the Swedish version shall govern. The information was submitted for publication, through the agency of the contact person set out below, on
https://news.cision.com/sca/r/year-end-report-for-sca-2022,c3704340
https://mb.cision.com/Main/600/3704340/1808186.pdf
https://mb.cision.com/Public/600/3704340/aa3e4770dff6a3f6.pdf
(c) 2023 Cision. All rights reserved., source