Nordic Paper Interim report January - June 2021
QUARTERLY RESULTS april - junE
- Net sales increased by 3% to SEK 790m (767), excluding negative currency effects the increase was 10%
- During the quarter, the company decided to discontinue the pulp production at the Säffle plant during the year and as a result of the decision, a provision was made for one-off costs of SEK 76m related to remediation of buildings and land
- EBITDA amounted to SEK 84m (154). Excluding the SEK 76m provision for costs for remediation of buildings and land in Säffle, adjusted EBITDA amounted to SEK 160m (154)
- EBITDA-margin was 10.7% (20.1) and adjusted EBITDA-margin was 20.3% (20.1)
- Adjusted operating profit was SEK 131m (128), corresponding to an adjusted operating profit of 16.6% (16.7)
- Net result for the period was SEK 35m (93)
- Cash flow from operating activities was SEK 134m (193)
- Earnings per share was SEK 0.53 (1.39*)
- Return on operating capital was 18.4% (33.7)
- Sales volumes increased by 7% to 74 ktonnes (69)
KEY FIGURES
| SEKm | 2021 Q2 |
2020 Q2 |
Δ, % | 2021 Jan-Jun | 2020 Jan-Jun | Δ, % | R 12 m | 2020 Full year |
| Net sales | 790 | 767 | 3 | 1,562 | 1,593 | -2 | 2,872 | 2,903 |
| EBITDA | 84 | 154 | -45 | 219 | 328 | -33 | 348 | 458 |
| Adjusted EBITDA | 160 | 154 | 4 | 295 | 328 | -10 | 424 | 458 |
| EBITDA-margin, % | 10.7 | 20.1 | 14.0 | 20.6 | 12.1 | 15.8 | ||
| Adjusted EBITDA-margin, % | 20.3 | 20.1 | 18.9 | 20.6 | 14.8 | 15.8 | ||
| Adjusted operating profit | 131 | 128 | 2 | 237 | 276 | -14 | 309 | 348 |
| Adjusted operating profit margin, % | 16.6 | 16.7 | 15.2 | 17.3 | 10.8 | 12.0 | ||
| Profit for the period | 35 | 93 | -62 | 116 | 215 | -46 | 159 | 258 |
| Earnings per share, SEK | 0.53 | 1.39* | 1.74 | 3.22* | 2.38 | 3.85 | ||
| Cash flow from operating activities | 134 | 193 | -31 | 180 | 190 | -5 | 293 | 352 |
| Return on operating capital 12m, % | 18.4 | 33.7 | 18.4 | 33.7 | 18.4 | 26.9 | ||
| Net debt/EBITDA 12 m, ratio** | 2.1 | -0.0 | 2.1 | -0.0 | 2.1 | 1.6 | ||
| Sales volume, ktonnes | 74 | 69 | 7 | 149 | 142 | 5 | 274 | 267 |
*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: [email protected]
Henrik Essén, Head of Strategy and IR
Tel: +46 730 573 801
E-mail: [email protected]
This is information that Nordic Holding AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the contact person set out above, at 7.30am CEST on 20 July 2021.
