Brief: Svenska Cellulosa Year-End Report 2023

Svenska Cellulosa Aktiebolaget SCA

26/01/2024 07:34

Jan 26 (Reuters) - Svenska Cellulosa SCA AB  SCAb.ST :
    * YEAR-END REPORT 2023
    * BOARD OF DIRECTORS PROPOSES A DIVIDEND OF SEK 2.75 (2.50)
PER
SHARE.
    * SUPPLY OF WOOD RAW MATERIAL TO SCA'S INDUSTRIES WAS STABLE
    * PRICE OF SAWLOGS CONTINUED TO RISE WHILE PRICE OF PULPWOOD
WAS
STABLE COMPARED WITH PRECEDING QUARTER.
    * SELLING PRICES FOR SOLID-WOOD PRODUCTS FELL SOMEWHAT
COMPARED
WITH PRECEDING QUARTER
    * LOW DEMAND HAS LED TO SEVERE RESTRICTIONS ON PRODUCTION IN
SWEDISH SAWMILLS, RESULTING IN LOW PRODUCER STOCKS.
    * LOW DEMAND FOR PACKAGING MATERIAL CONTRIBUTED TO CONTINUED
WEAK
DEMAND FOR KRAFTLINER
    * MARKET PRICES WERE UNCHANGED COMPARED WITH PRECEDING
QUARTER.
    * DESPITE A WEAKER ECONOMY LEADING TO LOWER SELLING PRICES,
SCA
ACHIEVED AN EBITDA MARGIN OF 37.6%  FOR THE FULL YEAR
    *  2023: SCAS GROWTH IN RENEWABLE ENERGY, THAT BECAME A NEW
SEGMENT IN 2023, CONTINUED AND THE RESULT  DOUBLED COMPARED WITH
THE PRECEDING YEAR
    * Q4 NET SALES INCREASED TO SEK 4,384M (4,302)
    * Q4 EBITDA DECLINED TO SEK 1,635M (1,981) AND EBITDA MARGIN
WAS
37.3% (40.6)
    * Q4 EBITDA MARGIN WAS 37.3% (32.9)
    * Q4 EARNINGS PER SHARE SEK 1.22

Source text for Eikon:  ID:nWkr2z44qp 
Further company coverage:  SCAb.ST 

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