Svenska Cellulosa Aktiebolaget : Presentation Q1 2023
April 28, 2023 at 03:17 am EDT
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April 28, 2023
Strong result driven by profitable growth in renewable energy and resilience against increasing wood costs
EBITDA increased 4% vs Q4 2022
Weaker demand in wood, pulp and containerboard
Prices for solid wood products have bottomed out while prices for containerboard and pulp are still decreasing
Sales decreased 4% vs Q1 2022
Price/mix -9%, currency 6%, volume -1%
EBITDA decreased 21% vs Q1 2022
Lower prices
Growth in renewable energy
Strong result in forest with high degree of self sufficiency in wood raw material
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EBITDA (SEKm)
Industrial ROCE 1
2,055
31%
EBITDA margin
Net debt/EBITDA
42.7%
1.2x
EBITDA (SEKm) and EBITDA margin
-21%
3,121
2,684
2,806
2,608
2,484
2,260
1,981
2,055
59%
1,359
53%
52%
53%
50%
47%
41%
43%
33%
Q1 '21
Q2 '21
Q3 '21
Q4 '21
Q1'22
Q2'22
Q3'22
Q4'22
Q1'23
1. LTM
4
Net sales (SEKm)
EBITDA (SEKm)
EBITDA margin
+14%
+33%
1,931
781
40.4%
1,691
34.7%
586
Q1 2022
Q1 2023
Q1 2022
Q1 2023
Q1 2022
Q1 2023
Price development - Pulpwood and Sawlogs
140
130
120
110
100
90
80
Q1 '21
Q2 '21
Q3 '21
Q4 '21
Q1 '22
Q2 '22
Q3 '22
Q4 '22
Q1 '23
Pulpwood Sawlogs
Stable wood supply to industries
Sales up 14%
Higher prices
EBITDA up 33%
Higher prices
Higher harvesting level own forest
Continued high interest in forest land
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Disclaimer
SCA - Svenska Cellulosa AB published this content on 28 April 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 April 2023 07:16:12 UTC.
Svenska Cellulosa Aktiebolaget SCA specializes in the production and marketing of paper and wood. Net sales break down by activity as follows:
- production of pulp (26.2%): operates a pulp mill in Sweden;
- production of paper (24.9%): 2 production sites located in Sweden at the end of 2022;
- sale of wood products (24.6%): owns 5 sawmills located in Sweden;
- forestry (24.3%): 2.7 million hectares of forest assets operated in Sweden and the Baltic States. The group also develops a renewable energy production activity.
Net sales are distributed geographically as follows: Sweden (18.9%), Germany (10.6%), the United Kingdom (9.7%), Europe (35.3%), the United States (12.2%), Asia (7.9%) and other (5.4%).