Nordic Paper Holding AB: Nordic Paper Interim Report January-June 2024

QUARTERLY RESULTS april - junE

• Net sales amounted to SEK 1,225 m (1,120 m), an increase of 9% compared with the same quarter the previous year. Excluding currency effects, net sales increased by 8%.
• EBITDA amounted to SEK 280 m (215 m), representing an EBITDA margin of 22.9% (19.2%).
• Operating profit amounted to SEK 242 m (178 m), representing an operating margin of 19.8% (15.9%).
• Profit for the period amounted to SEK 171 m (145 m) and earnings per share to SEK 2.55 (2.16).
• Cash flow from operating activities was SEK 175 m (245 m).
• Return on operating capital, 12 months, was 30.0% (32.1%).
• The net debt/EBITDA ratio, 12 months, was 1.5 (1.3).
• The sales volume amounted to 76.7 (69.4) ktonnes.

key figures

SEK m	2024 Q2	2023 Q2	Δ, %	2024Jan-Jun	2023 Jan-Jun	Δ, %	R12	2023 Full year
Net sales	1,225	1,120	9	2,434	2,425	0	4,481	4,472
EBITDA	280	215	30	511	498	3	788	775
EBITDA margin, %	22,9	19.2		21.0	20.5		17.6	17.3
Operating profit	242	178	36	436	422	3	637	623
Operating margin, %	19.8	15.9		17.9	17.4		14.2	13.9
Net profit for the period	171	145	18	320	318	1	418	416
Earnings per share, SEK1	2.55	2.16		4.78	4.75		6.25	6.22
Cash flow from operating activities	175	245	-29	-2	265		587	765
Return on operating capital, 12 m, %	30.0	32.1						30.0
Net debt/EBITDA, 12 m, ratio	1.5	1.3						1.0
Sales volume, ktonnes	76.7	69.4	11	156.5	142.8	10	287.0	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 and the Securities Markets Act. The information was submitted for publication, through the agency of the contact person set out above, at 7.30 am CEST on 19 July 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