Nordic Paper Holding AB: 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: [phone]
E-mail: [e-mail]

Henrik Essén, Head 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 CET on 30 January 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