April 30, 2021
Strong market and increasing prices
EBITDA up 32% vs Q1 2020
- Higher prices on solid wood, pulp and kraftliner - Negative currency effects
Sales vs Q1 2020 impacted by exit publication paper
- Exit publication paper -14%, sale Wood Supply UK -7%
- Price/mix 7%, volume 4%, currency -3%
Exit publication paper according to plan
Kraftliner and CTMP expansion projects on time and on budget
3
EBITDA (SEKm) | Industrial ROCE | EBITDA development (SEKm) | ||||||||||
1,359 | 8% | 1 | 2 | +32% | ||||||||
(16%) | ||||||||||||
1,560 | ||||||||||||
1,364 | 1,451 | 1,359 | ||||||||||
1,340 | ||||||||||||
1,055 | 1,030 | 1,001 | 1,032 | 32% | 33% | |||||||
31% | ||||||||||||
EBITDA margin | Net debt/EBITDA | |||||||||||
26% | 27% | |||||||||||
33% | 1.5x | 24% | 24% | |||||||||
21% | 21% | |||||||||||
Q1 '19 | Q2 '19 | Q3 '19 | Q4 '19 | Q1 '20 | Q2 '20 | Q3 '20 | Q4 '20 | Q1 '21 |
1) LTM 2) Quarterly | 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 both excluded and included in Q4 2020 where one-off items affecting EBITDA amounted to SEK 73m.
Net sales (SEKm) | EBITDA (SEKm) | EBITDA margin | |||||
-11% | -1% | 27.6% | |||||
1,833 | 452 | 449 | |||||
1,627 | 24.6% |
Q1 2020 | Q1 2021 | Q1 2020 | Q1 2021 | Q1 2020 | Q1 2021 |
Price development - Pulpwood and Sawlogs
110
105
100
95
90
85
80
Q1 '19 | Q2 '19 | Q3 '19 | Q4 '19 | Q1 '20 | Q2 '20 | Q3 '20 | Q4 '20 | Q1 '21 |
Pulpwood Sawlogs
Stable wood supply to industries
Sales down 11%
- Lower volumes to Ortviken
- Lower pulpwood price
EBITDA down 1%
- Lower pulpwood price + Lower imported volumes
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SCA - Svenska Cellulosa AB published this content on 30 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 April 2021 07:49:03 UTC.