STOCKHOLM, April 30, 2021 /PRNewswire/ --
JANUARY – MARCH, 2021
(compared with January – March
2020)
- Net sales amounted to SEK 4,172m
(4,793). The lower sales level was related to the discontinued
publication paper operations and the divestment of Wood Supply UK,
excluding this effect net sales increased with 8%.
- EBITDA improved 32% to SEK 1,359m
(1,030), the increase was mainly attributable to higher selling
prices in all product areas. EBITDA margin increased to 32.6%
(21.5), the higer level was mainly related to the discontinued
publication paper operations.
- Operating profit increased to SEK
1,046m (628)
- Operating cash flow amounted to SEK
475m (341)
- Earnings per share improved to SEK
1.14 (0.69)
JANUARY – MARCH, 2021
(compared with October – December, 2020)
- Net sales decreased by 9% to SEK
4,172m (4,592). The change was mainly attributable to the
discontinued publication paper operations and the divestment of
Wood Supply UK.
- EBITDA amounted to SEK 1,359m
(1,451) and EBITDA margin rose to 32.6% (31.6)
SUMMARY OF THE FIRST QUARTER OF 2021
Earnings for the first quarter of 2021 were in line with the
preceding quarter and represent a significant improvement on the
year-earlier quarter. Higher selling prices in all product areas
had a positive impact on earnings.
During the quarter, SCA discontinued its remaining publication
paper operations consisting of three paper machines at the Ortviken
site. Following the discontinuation of publication paper
operations, SCA is focused on growth in all product areas.
The supply of wood to SCA's industries was stable during the
quarter. The price of pulpwood fell slightly while the price of
sawlogs remained stable compared with the preceding period.
The market situation for solid-wood products continued to
strengthen during the quarter, driven by high global demand in the
building materials trade and an increased level of new
construction. Sustained strong demand has led to low inventory
levels and higher market prices in all regional markets.
During the quarter, the market for pulp strengthened further and
selling prices increased. Delivery volumes rose slightly compared
with the preceding quarter. Global inventory levels were
normal.
Demand for kraftliner was highly favorable during the quarter,
driven by higher box demand. The average selling price was also
higher than the preceding quarter.
SCA's ongoing investment projects – to expand kraftliner
manufacturing in Obbola and increase production of chemically
pre-treated mechanical pulp (CTMP) at the Ortviken industrial site
– are progressing on time and on budget.
INVITATION TO PRESS CONFERENCE ON INTERIM REPORT FOR THE
FIRST QUARTER OF 2021
Members of the media and analysts are hereby invited to
attend a press conference where this interim report will be
presented by the President and CEO, Ulf
Larsson, and CFO, Toby
Lawton.
Time:
|
Friday, April
30, 2021 at 10:00 a.m.
|
The press conference will be webcast live at www.sca.com. It is
also possible to participate by telephone by calling:
Sweden:
|
+46 (0)8 5069
2180
|
UK:
|
+44 (0)2071
928000
|
US:
|
+1 631 510
7495
|
Specify "SCA" or the conference ID: 9291168.
Sundsvall, April 30, 2021
SVENSKA CELLULOSA AKTIEBOLAGET SCA (publ)
Ulf LarssonPresident and CEO
For further information, please contact
Toby Lawton
CFO
+46 (0)60 19 31 09
Josefine Bonnevier
Investor Relations Director
+46 (0)60 19 33 90
Anders Edholm
Senior Vice President
Communications
+46(0)60 19 32 12
Please note:
This is information that SCA is obliged to make public pursuant
to the EU Market Abuse Regulation and the Securities Markets Act.
This report has been prepared in both Swedish and English versions.
In case of variations in the content between the two versions, the
Swedish version shall govern. The information was submitted for
publication, through the agency of the contact person set out
below, on April 30, 2021 at
08:00 a.m. CEST. The report has not
been reviewed by the company's auditors.
Anders Edholm, Senior Vice
President, Communications, +46 (0)60 19 32 12
The core of SCA's business is the growing forest, Europe's largest private forest holding.
Around this unique resource, we have built a well-developed value
chain based on renewable raw material from our own and others'
forests. We offer packaging paper, pulp, wood products, renewable
energy, services for forest owners and efficient transport
solutions. 2020 the forest products company SCA had
approximately 4,000 employees and sales amounted to approximately
SEK 18.4 bn. SCA was founded in 1929
and has its headquarters in Sundsvall, Sweden. For more information, visit
www.sca.com
This information was brought to you by Cision
http://news.cision.com
https://news.cision.com/sca/r/interim-report-q1-2021,c3337214
The following files are available for download:
https://mb.cision.com/Main/600/3337214/1410362.pdf
|
The full report
(PDF)
|
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SOURCE SCA