Nordic Paper Holding AB
STO:NPAPER
Nordic Paper Holding AB
Nordic Paper Holding AB manufactures paper for a range of applications. The company is headquartered in Karlstad, Varmland. The company went IPO on 2020-10-22. The firm is a manufacturer of paper and pulp mills and natural greaseproof paper without the addition of fluorocarbons, so called PFAS. Nordic Paper's products are based on renewable raw material from local forests. The Company’s production is divided between Natural Greaseproof paper and iamKraft. Natural Greaseproof paper is certified for use with food and includes Baking & Cooking Paper, Baking Cups, Packing, Cooking & Catering Paper and Speciality Paper, while iamKraft includes iamKraft MG paper, iamKraft Sack paper and iamKraft Speciality paper. iamKraft manufactures everything from sacks and carrier bags to furnitures and construction laminate. Nordic Paper Holding AB serves customers worldwide.
Nordic Paper Holding AB manufactures paper for a range of applications. The company is headquartered in Karlstad, Varmland. The company went IPO on 2020-10-22. The firm is a manufacturer of paper and pulp mills and natural greaseproof paper without the addition of fluorocarbons, so called PFAS. Nordic Paper's products are based on renewable raw material from local forests. The Company’s production is divided between Natural Greaseproof paper and iamKraft. Natural Greaseproof paper is certified for use with food and includes Baking & Cooking Paper, Baking Cups, Packing, Cooking & Catering Paper and Speciality Paper, while iamKraft includes iamKraft MG paper, iamKraft Sack paper and iamKraft Speciality paper. iamKraft manufactures everything from sacks and carrier bags to furnitures and construction laminate. Nordic Paper Holding AB serves customers worldwide.
Sales Decline: Net sales fell 6% year-on-year to SEK 1.148 billion, mainly due to lower sales volumes and weaker currencies.
EBITDA Margin: EBITDA was SEK 228 million with a margin of 19.8%, down from 22.9% last year but still at a high level in a soft market.
Volume Drop: Sales volumes declined by 5% compared to last year, with seasonality also contributing to the quarter-over-quarter drop.
Pricing: Product prices increased by 3–4% versus last year, partially offsetting volume and currency headwinds.
Cost Trends: Pulpwood and pulp prices have stabilized or are now trending down, expected to help margins going forward.
Dividend Approved: A dividend of SEK 12 per share (SEK 803 million total) was approved and will be paid July 23.
Outlook: Management expects market softness and price pressure to persist in Q3, but input costs should ease; maintenance stops will impact Q3 results.
