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

3

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

5

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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.