- Net sales increased by 46% to SEK 1,037m (711). The Canadian operations acquired on 31 December 2021 contributed with SEK 86m to net sales.
- EBITDA increased to SEK 77m (15), corresponding to an EBITDA margin of 7.4% (2.1).
- Operating profit amounted to SEK 40m (-14), corresponding to an operating margin of 3.9% (-1.9).
- Net profit for the period was SEK 38m (-17) and earnings per share amounted to SEK 0.57 (-0.25).
- Cash flow from operating activities was SEK 257m (153).
- Return on operating capital 12 m was 27.3% (20.9).
- Net debt/EBITDA 12 m amounted to 1.6 (1.7).
- Sales volumes amounted to 61.9 ktonnes (62.0), of which 3.2 ktonnes were from acquired operations.
- After the end of the quarter Nordic Paper sold its 37.6% minority shareholding in Åmotfors Energi. As a result of the transaction Nordic Paper will report a capital gain and a positive cash flow effect, both of around SEK 40m, in Q4 this year. In conjunction with the transaction Nordic Paper and Åmotfors Energi AB also entered into a new long-term supply contract for steam, hot water and a proportion of the electricity required for the production of kraft paper at Nordic Paper's plant in Åmotfors.
key figures
[][][][][]
SEKm 2022 2021 Δ, 2022 2021 Δ, R 12 2021Full
Q3 Q3 % Jan-Sep Jan-Sep % m year
Net sales 1,037 711 46 3,234 2,273 42 4,043 3,083
EBITDA 77 15 414 561 234 140 686 358
Adjusted EBITDA[1] 77 15 414 561 310 81 686 434
EBITDA margin, % 7.4 2.1 17.4 10.3 17.0 11.6
Adjusted EBITDA 7.4 2.1 17.4 13.6 17.0 14.1
margin, %[1]
Operating profit 40 -14 453 148 207 513 208
Adjusted operating 40 -14 453 224 102 545 316
profit[1,2]
Operating margin, 3.9 -1.9 14.0 6.5 12.7 6.8
%
Adjusted operating 3.9 -1.9 14.0 9.8 13.5 10.3
margin, %[1,2]
Net profit for the 38 -17 363 100 265 408 144
period
Earnings per 0.57 -0.25 5.43 1.49 6.10 2.15
share, SEK[3]
Cash flow from 257 153 69 428 333 28 503 408
operating
activities
Return on 27.3 20.9 27.3 20.9 27.3 15.9
operating capital,
12 m, %
Net debt/EBITDA, 1.6 1.7 1.6 1.7 1.6 3.7
12 m, multiple
Sales volume, 61.9 62.0 0 216.3 211.3 2 285.6 280.6
ktonnes
[1] For Jan-Sep 2021 and full year 2021 adjusted for the SEK 76m provision recognised in Q2 2021 for remediation of buildings and land in Säffle
[2] For full year 2021 and R 12 m adjusted for the impairment loss of SEK 32m recognised in Q4 2021 in respect of pulp production in Säffle
[3] Before and after dilution
For further information please contact:
Niclas Eriksson, CFO
Tel: +46 705 654 257
Email: [email protected]
Henrik Essén, Head of Strategy and IR
Tel: +46 730 573 801
Email: [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 CEST on 28 October 2022.