Brief: Nordic Paper Q2 Operating Profit Increases To SEK 211 Mln

Nordic Paper Holding AB

20/07/2022 06:34

July 20 (Reuters) - Nordic Paper Holding AB  NPAPER.ST :
    * NORDIC PAPER INTERIM REPORT JANUARY-JUNE 2022
    * Q2 NET SALES INCREASED BY 45% TO SEK 1,144M (790)
    * Q2 EBITDA INCREASED TO SEK 247M (84) CORRESPONDING TO AN
EBITDA
MARGIN OF 21.6% (10.7).
    * Q2 OPERATING PROFIT WAS SEK 211M (55)
    * A DIVIDEND OF SEK 2.00 PER SHARE WAS PAID DURING QUARTER,
IN
TOTAL WORTH SEK 134M.
    * EUROPEAN DEMAND FOR UNBLEACHED KRAFT PAPER WAS FURTHER
STRENGTHENED BY THE BAN ON IMPORT OF RUSSIAN KRAFT PAPER
APPROVED BY THE EU AS A PART OF THE SANCTIONS AFTER THE RUSSIAN
INVASION OF UKRAINE
    * COSTS HAVE CONTINUED TO INCREASE DURING THE QUARTER FOR
MANY
ITEMS, MOST NOTABLY FOR PULP, TRANSPORTATION, WOOD AND CHEMICALS
    * Q2 NET DEBT/EBITDA 12 M AMOUNTED TO 2.2 (2.1)

Source text for Eikon:  ID:nWkr21r6jr 
Further company coverage:  NPAPER.ST 

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