July 23, 2021
Best quarter since split in 2017 - strong market with increasing prices in all segments, exit publication paper, good production and stable cost base
EBITDA up 126% vs Q2 2020
- Higher prices on solid wood, pulp and kraftliner
- Higher volumes
- Higher production
- Negative currency effects
Net sales vs Q2 2020 impacted by exit publication paper and divestments
- Exit publication paper -13%, divestment Wood Supply UK -10%
- Price/mix 25%, volume 7%, currency -6%
Kraftliner and CTMP expansion projects on time and on budget
3
EBITDA (SEKm) | Industrial ROCE 1 | EBITDA development (SEKm) |
2,260 | 14% | +126% |
2,260 |
EBITDA margin | Net debt/EBITDA |
47% | 1.4x |
1,340 | 1,364 | 1,451 | 1,359 | 47% | |||
1,055 | 1,030 | 1,001 | 1,032 | 33% | |||
32% | |||||||
26% | 27% | ||||||
24% | 24% | ||||||
21% | 21% | ||||||
Q2 '19 | Q3 '19 | Q4 '19 | Q1 '20 | Q2 '20 | Q3 '20 | Q4 '20 | Q1 '21 | Q2 '21 |
1. LTM | 4 |
Note: EBITDA excluding effects from changed accounting method for valuation of forest assets in Q4 2019.
Effect of one-off items related to discontinuation of publication paper excluded in Q3 2020 and Q4 2020.
Net sales (SEKm) | EBITDA (SEKm) | EBITDA margin | ||||||
+7% | +51% | 47.3% | ||||||
1,592 | 753 | |||||||
1,494 | ||||||||
33.4% | ||||||||
499 | ||||||||
Q2 2020 | Q2 2021 | Q2 2020 | Q2 2021 | Q2 2020 | Q2 2021 |
Price development - Pulpwood and Sawlogs
110
100
90
80
Q2 '19 | Q3 '19 | Q4 '19 | Q1 '20 | Q2 '20 | Q3 '20 | Q4 '20 | Q1 '21 | Q2 '21 |
Pulpwood Sawlogs
Stable wood supply to industries
Sales up 7%
- Higher volumes
- Lower pulpwood price
EBITDA up 51%
- Higher harvesting level of own forest
- Higher revaluation of biological assets
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SCA - Svenska Cellulosa AB published this content on 23 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 July 2021 06:47:05 UTC.