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

QUARTERLY RESULTS JULY - SEPTEMBER

• Net sales amounted to SEK 1,100 m (1,077 m), an increase of 2% compared with the same quarter the previous year. Excluding currency effects, net sales increased by 4%.
• EBITDA amounted to SEK 106 m (108 m), representing an EBITDA margin of 9.6% (10.0%).
• Operating profit amounted to SEK 67 m (69 m), representing an operating margin of 6.1% (6.4%).
• Profit for the period amounted to SEK 32 m (34 m) and earnings per share to SEK 0.47 (0.50).
• Cash flow from operating activities was SEK 195 m (301 m).
• Return on operating capital, 12 months, was 28.9% (34.0%).
• The net debt/EBITDA ratio, 12 months, was 1.4 (0.9).
• The sales volume amounted to 67.4 (67.6) ktonnes.

SIGNIFICANT EVENTS AFTER THE END OF THE QUARTER

• On 11 October 2024 Strategic Value Partner, LLC, through Coniferous Bidco AB, announced a public takeover offer of SEK 50 per share to the shareholders in Nordic Paper Holding AB. The independent bid committee of the Board of Directors unanimously recommends shareholders not to accept the offer.

KEY FIGURES

SEK m	2024 Q3	2023 Q3	Δ, %	2024 Jan-Sep	2023 Jan-Sep	Δ, %	R12	2023 Full year
Net sales	1,100	1,077	2	3,534	3,501	1	4,505	4,472
EBITDA	106	108	-2	616	606	2	786	775
EBITDA margin, %	9.6	10.0		17.4	17.3		17.4	17.3
Operating profit	67	69	-3	503	491	3	636	623
Operating margin, %	6.1	6.4		14.2	14.0		14.1	13.9
Net profit for the period	32	34	-6	352	352	0	416	416
Earnings per share, SEK1	0.47	0.50		5.26	5.26		6.22	6.22
Cash flow from operating activities	195	301	-35	283	567	-50	481	765
Return on operating capital, 12 m, %	28.9	34.0						30.0
Net debt/EBITDA, 12 m, ratio	1.4	0.9						1.0
Sales volume, ktonnes	67.4	67.6	0	223.9	210.5	6	286.7	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 7.30 am CET on 30 October 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