Nordic Paper Interim Report January-September 2023

Quarterly results JULY - SEPTEMBER

• Net sales amounted to SEK 1,077 (1,037) m, an increase of 4% compared with the same quarter the previous year. Excluding currency effects, net sales decreased by 2%.
• EBITDA amounted to SEK 108 (77) m corresponding to an EBITDA margin of 10.0% (7.4%).
• Operating profit amounted to SEK 69 (40) m, corresponding to an operating margin of 6.4% (3.9%).
• Profit for the period amounted to SEK 34 (38) m and earnings per share amounted to SEK 0.50 (0.57).
• Cash flow from operating activities was SEK 301 (257) m.
• Return on operating capital, 12 months, was 34.0% (27.3%).
• The net debt/EBITDA ratio, 12 months, was 0.9 (1.6).
• The sales volume amounted to 67.6 (61.9) ktonnes.
• During the quarter, a decision was made to invest approximately SEK 850 m in a new wood room and a new electrofilter at the Bäckhammar mill. The investments will be carried out in the years 2023-2025. They are expected to add around SEK 100 m annually to EBITDA with full effect in 2026, while significantly decreasing emissions of dust to air.

key figures

[][]
SEK m 2023 2022 Δ, 2023 2022 Δ, % R12 2022
Q3 Q3 % Jan-Sep Jan-Sep Full year
Net sales 1,077 1,037 4 3,501 3,234 8 4,708 4,440
EBITDA 108 77 40 606 561 8 865 821
EBITDA margin, % 10.0 7.4 17.3 17.4 18.4 18.5
Operating profit 69 40 73 491 453 8 714 676
Operating margin, 6.4 3,9 14.0 14.0 15.2 15.2
%
Net profit for the 34 38 -12 352 363 -3 554 566
period[1]
Earnings per 0.50 0.57 5.26 5.43 8.28 8.46
share, SEK[1,2]
Cash flow from 301 257 17 567 428 32 699 560
operating
activities
Return on 34.0 27.3 34.0 27.3 34.0 32.5
operating capital,
12 m, %
Net debt/EBITDA, 0.9 1.6 0.9 1.6 0.9 1.2
12 m, ratio
Sales volume, 67.6 61.9 9 210.5 216.3 -3 278.7 284.5
ktonnes

[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: niclas.eriksson@nordic-paper.com

Henrik Essén, Head of Sustainability and Communication
Tel: +46 730 573 801
E-mail: henrik.essen@nordic-paper.com

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 above, at 7.30 am CET on 31 October 2023.