Nordic Paper year-end report January–December 2023
QUARTERLY RESULTS OCTOBER - DECEMBER
- Net sales amounted to SEK 971 m (1,206 m), a decrease of 20% compared with the same quarter the previous year. Excluding currency effects, net sales decreased by 22%.
- EBITDA amounted to SEK 170 m (260 m) corresponding to an EBITDA margin of 17.5% (21.5%).
- Operating profit amounted to SEK 132 m (223 m), corresponding to an operating margin of 13.6% (18.5%).
- Profit for the period amounted to SEK 65 m (202 m) and earnings per share amounted to SEK 0.96 (3.03).
- Cash flow from operating activities was SEK 198 m (132 m).
- Return on operating capital, 12 months, was 30.0% (32.5%).
- The net debt/EBITDA ratio, 12 months, was 1.0 (1.2).
- The sales volume amounted to 62.8 (68.2) ktonnes.
- The Board of Directors is proposing a dividend of SEK 4.00 (4.65) per share, corresponding to a total dividend of SEK 268 m (311 m).
KEY FIGURES
| SEK m | 2023 Q4 |
2022 Q4 |
Δ, % | 2023 Full year |
2022 Full year |
Δ, % |
| Net sales | 971 | 1,206 | -20 | 4,472 | 4,440 | 1 |
| EBITDA | 170 | 260 | -35 | 775 | 821 | -6 |
| EBITDA margin, % | 17.5 | 21.5 | 17.3 | 18.5 | ||
| Operating profit | 132 | 223 | -41 | 623 | 676 | -8 |
| Operating margin, % | 13.6 | 18.5 | 13.9 | 15.2 | ||
| Net profit for the period1 | 65 | 202 | -68 | 416 | 566 | -26 |
| Earnings per share, SEK1,2 | 0.96 | 3.03 | 6.22 | 8.46 | ||
| Cash flow from operating activities | 198 | 132 | 50 | 765 | 560 | 36 |
| Return on operating capital, 12 m, % | 30.0 | 32.5 | 30.0 | 32.5 | ||
| Net debt/EBITDA, 12 m, ratio | 1.0 | 1.2 | 1.0 | 1.2 | ||
| Sales volume, ktonnes | 62.8 | 68.2 | -8 | 273.3 | 284.5 | -4 |
1 Net profit for Q4 2022 and for full-year 2022 include 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. The information was submitted for publication, through the agency of the contact person set out above, at 7.30am CET on 30 January 2024.