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2021-10-28

Nordic Paper Interim report January-September 2021

QUARTERLY RESULTS julY - september

  • Net sales increased by 11% to SEK 711m (639), excluding currency effects the increase was 12%
  • EBITDA amounted to SEK 15m (-13), corresponding to an EBITDA margin of 2.1% (-2.0)
  • Operating profit amounted to SEK -14m (-40), corresponding to an operating profit margin of-1.9% (-6.3%)
  • Net result for the period was SEK -17m (-32)
  • Cash flow from operating activities was SEK 153m (144)
  • Earnings per share was SEK -0.25 (-0.49**)
  • Return on operating capital was 20.9% (20.9)
  • Sales volume increased by 2% to 62 ktonnes (61)

significant events after the quarter

  • The Board of Directors of Nordic Paper has, as communicated in yesterday's press release, decided to postpone a potential investment decision for the initial phase of the expansion of the production unit in Bäckhammar until a production permit for the entire expansion has been obtained and the conditions linked to this permit are known. The company estimates that a new production permit may be obtained earliest in the beginning of 2023.

KEY FIGURES

SEKm 2021 2020 Δ, 2021Jan 2020 Jan Δ, R 12 m 2020
Q3 Q3 % -Sep -Sep % Full year
Net sales 711 639 11 2,273 2,233 2 2,944 2,903
EBITDA 15 -13 234 314 377 458
Adjusted EBITDA* 15 -13 310 314 453 458
EBITDA-margin, % 2.1 -2.0 10.3 14.1 12.8 15.8
Adjusted EBITDA 2.1 -2.0 13.6 14.1 15.4 15.8
-margin, % *
Operating profit -14 -40 148 235 260 348
Adjusted operating -14 -40 224 235 336 348
profit*
Operating profit -1.9 -6.3 6.5 10.5 8.8 12.0
margin, %
Adjusted operating -1.9 -6.3 9.8 10.5 11.4 12.0
profit margin, % *
Profit for the -17 -32 100 182 175 258
period
Earnings per -0.25 -0.49** 1.49 2.73** 2.62 3.85
share, SEK
Cash flow from 153 144 333 334 360 352
operating
activities
Return on 20.9 20.9 20.9 20.9 20.9 26.9
operating capital
12m, %
Net debt/EBITDA 12 1.7 -0.3 1.7 -0.3 1.7 1.6
m, ratio***
Sales volume, 62 61 2 211 203 4 275 267
ktonnes

* Adjusted for the SEK 76m provision that was made in Q2 2021 for remediation of buildings and land in Säffle

**Recalculated for the 1,400:1 split of the company's ordinary shares, which was decided by the extraordinary general meeting on 1 October 2020.
***Negative value because of net cash.

For further information, please contact:

Niclas Eriksson, CFO
Tel: +46 705 654 257
E-mail: niclas.eriksson@nordic-paper.com

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

This is information that Nordic 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 2021.

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