Nordic Paper Interim Report January-June 2023
Quarterly results APRIL – JUNE
- Net sales amounted to SEK 1,120 (1,144) m, a decrease of 2% compared with the same quarter the previous year. Excluding currency effects, the decrease amounted to 8%.
- EBITDA amounted to SEK 215 (247) m corresponding to an EBITDA margin of 19.2% (21.6%).
- Operating profit amounted to SEK 178 (211) m, corresponding to an operating margin of 15.9% (18.4%).
- Profit for the period amounted to SEK 145 (164) m and earnings per share amounted to SEK 2.16 (2.44).
- Cash flow from operating activities was SEK 245 (118) m.
- Return on operating capital, 12 months, was 32.1% (27.3%).
- The net debt/EBITDA ratio, 12 m, was 1.3 (2.2).
- The sales volume amounted to 69.4 (77.6) ktonnes.
key figures
| SEK m | 2023 Q2 |
2022 Q2 |
Δ, % | 2023Jan–Jun | 2022Jan–Jun | Δ, % | R12 | 2022 Full year |
| Net sales | 1,120 | 1,144 | -2 | 2,425 | 2,196 | 10 | 4,668 | 4,440 |
| EBITDA | 215 | 247 | -13 | 498 | 484 | 3 | 835 | 821 |
| EBITDA margin, % | 19.2 | 21.6 | 20.5 | 22.0 | 17.9 | 18.5 | ||
| Operating profit | 178 | 211 | -16 | 422 | 413 | 2 | 685 | 676 |
| Operating margin, % | 15.9 | 18.4 | 17.4 | 18.8 | 14.7 | 15.2 | ||
| Net profit for the period1 | 145 | 164 | -12 | 318 | 325 | -2 | 559 | 566 |
| Earnings per share, SEK1,2 | 2.16 | 2.44 | 4.75 | 4.86 | 8.35 | 8.46 | ||
| Cash flow from operating activities | 245 | 118 | 108 | 265 | 170 | 56 | 655 | 560 |
| Return on operating capital, 12 m, % | 32.1 | 27.3 | 32.1 | 27.3 | 32.1 | 32.5 | ||
| Net debt/EBITDA, 12 m, ratio | 1.3 | 2.2 | 1.3 | 2.2 | 1.3 | 1.2 | ||
| Sales volume, ktonnes | 69.4 | 77.6 | -11 | 142.8 | 154.4 | -7 | 272,9 | 284.5 |
1 Net profit R12 and for full-year 2022 includes a capital gain in net financial items of SEK 42 million from the sale in Q4 2022 of the minority shareholding in Åmotfors Energi AB.
2 Before and after dilution
For further information, please contact:
Niclas Eriksson, CFO
Tel: +46 705 654 257
E-mail: [email protected]
Henrik Essén, Head of Sustainability and Communication
Tel: +46 730 573 801
E-mail: [email protected]
This is information that Nordic Paper 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 above, at 7.30 am CEST on 20 July 2023.