Nordic Paper Holding AB: Nordic Paper Interim report January-March 2024

quarterly results january - march

• Net sales amounted to SEK 1,209 m (1,305 m), a decrease of 7% compared with the same quarter the previous year. Excluding currency effects, net sales decreased by 8%.
• EBITDA amounted to SEK 231 m (282 m), corresponding to an EBITDA margin of 19.1% (21.6%).
• Operating profit amounted to SEK 194 m (244 m), corresponding to an operating margin of 16.0% (18.7%).
• Profit for the period amounted to SEK 149 m (173 m) m and earnings per share amounted to SEK 2.23 (2.59).
• Cash flow from operating activities was SEK -87 m (21 m).
• Return on operating capital, 12 months, was 27.4% (33.9%).
• The net debt/EBITDA ratio, 12 months, was 1.3 (1.1).
• The sales volume amounted to 79.6 (73.5) ktonnes.
• On 12 March 2024, Nordic Paper published the decision to explore the possibilities for a potential sale of the company in response to the largest owner Shanying's announced intention to divest its 48.16% stake.

key figures

SEK m	2024 Q1	2023 Q1	Δ, %	R12	2023 Full year
Net sales	1,209	1,305	-7	4,376	4,472
EBITDA	231	282	-18	723	775
EBITDA margin, %	19.1	21.6		16.5	17.3
Operating profit	194	244	-21	573	623
Operating margin, %	16.0	18.7		13.1	13.9
Net profit for the period1	149	173	-14	392	416
Earnings per share, SEK1	2.23	2.59		5.86	6.22
Cash flow from operating activities	-87	21		657	765
Return on operating capital, 12 m, %	27.4	33.9		27.4	30.0
Net debt/EBITDA, 12 m, ratio	1.3	1.1		1.3	1.0
Sales volume, ktonnes	79.6	73.5	8	279.5	273.3

¹ Before and after dilution

For further information, please contact

Niclas Eriksson, CFO
Tel: [phone]
E-mail: [e-mail]

Henrik Essén, Director of Sustainability and Communication
Tel: [phone]
E-mail: [e-mail]

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 25 April 2024.

Nordic Paper is a leading specialty paper producer with its base in Scandinavia. We have been manufacturing top-quality kraft papers and natural greaseproof papers since the 19th century. Our products are based on renewable raw material from local forests. From our five paper mills, four in Scandinavia and one in Canada, we supply customers in 85 countries. Nordic Paper had in 2023 net sales of SEK 4,472m, about 680 employees and is listed on Nasdaq Stockholm. www.nordic-paper.com