STOCKHOLM, Jan. 28, 2022 /PRNewswire/ --
January?December 2021 compared with January?December 2020
October?December 2021 compared with October?December 2020
October?December 2021 compared with July?September 2021
whereof continuing business
whereof publication paper and Wood Supply UK
EBITDA margin (%)
Earnings per share SEK
Operating cash flow
Net Debt / EBITDA (LTM)
1 Excluding the effect of one-off items related to the discontinuation of publication paper operations in Q3 and Q4 2020. For further details and comparison including effects of those one-off items, see note 10.
2 Change as a part of total net sales 2020.
COMMENTS ON THE FINANCIAL STATEMENTS
Summary of the year
Earnings for 2021 were the highest ever for SCA. The discontinuation of publication paper operations was completed at the beginning of the year, thereby securing a structure with a focus on growing markets that successively creates value. Demand and prices increased in all product areas and production and cost control were at a stable level. Good planning and a focus on health and safety have limited the spread of Covid-19 and thereby ensured that production and deliveries were maintained and strategic investment projects are progressing according to schedule.
Summary of the fourth quarter
Earnings for the fourth quarter of 2021 improved by 5% compared with the preceding quarter and by 104% compared with the year-earlier quarter.
The supply of wood to SCA's industries was stable. The price of pulpwood was in line with the preceding quarter while the price of timber increased in northern Sweden due to high demand.
Lower seasonal demand for solid-wood products resulted in normalized inventory levels and lower market prices during the quarter compared with the preceding period.
Delivery volumes in the Pulp segment decreased compared with the preceding quarter due to the planned maintenance stop that took place during the quarter. The CTMP expansion project in Ortviken is progressing on time and on budget.
Demand for kraftliner is strong, driven by a sustained high level of global demand for corrugated board packaging. Market prices increased during the quarter compared with the preceding quarter. The kraftliner expansion project at Obbola is progressing on time and on budget.
Higher transaction prices for forest assets in northern Sweden
SCA bases its valuation of forest assets in Sweden on forest transactions carried out in the areas where SCA owns forest. The market value of the forest increased during 2021. The average market price used in the valuation of SCA's forest assets was SEK 324/m3fo at December 31, 2021, an increase of more than 10% compared with the preceding year (SEK 291/m3fo). This corresponds to a total carrying amount of SCA's forest assets of SEK 84.5bn (74.9) (see page 5).
Invitation to SCAs press conference for Q4 2021, 28 January 2022 at. 10.00 CET
The interim report will be published on January 28, 2022, at approximately 08:00 CET. The subsequent webcast press conference will be held at 10:00 CET in a digital format.
At the press conference, President and CEO Ulf Larsson and CFO Toby Lawton will present and answer questions regarding the report.
The press conference will be webcast live at www.sca.com. It is also possible to participate in the press conference by telephone:
Sweden: +46 (0) 8 566 426 51
United Kingdom: +44 (0) 3333 000 804
USA: +1 631 913 1422
Call in good time before the conference starts. Provide the conference ID 10918682#.
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 January 28, 2022 at 08:00 a.m. CET. The report has not been reviewed by the company's auditors.
Anders Edholm, Senior Vice President, Communications, +46 (0)60 19 32 12
For further information, please contact:
Anders Edholm, Senior Vice President Group Communications, tel +46 60 19 32 12
Josefine Bonnevier, Investor Relations Director, tel + 46 73 525 99 06
This information was brought to you by Cision http://news.cision.com
The following files are available for download:
SCA Q4 report 220128
Press release SCAs Interim Report Q4 2021
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