Nordic Paper Interim Report January-June 2023

Quarterly results APRIL – JUNE

• Net sales amounted to SEK 1,120 (1,144) m, a decrease of 2% compared with the same quarter the previous year. Excluding currency effects, the decrease amounted to 8%.
• EBITDA amounted to SEK 215 (247) m corresponding to an EBITDA margin of 19.2% (21.6%).
• Operating profit amounted to SEK 178 (211) m, corresponding to an operating margin of 15.9% (18.4%).
• Profit for the period amounted to SEK 145 (164) m and earnings per share amounted to SEK 2.16 (2.44).
• Cash flow from operating activities was SEK 245 (118) m.
• Return on operating capital, 12 months, was 32.1% (27.3%).
• The net debt/EBITDA ratio, 12 m, was 1.3 (2.2).
• The sales volume amounted to 69.4 (77.6) ktonnes.

key figures

SEK m	2023 Q2	2022 Q2	Δ, %	2023Jan–Jun	2022Jan–Jun	Δ, %	R12	2022 Full year
Net sales	1,120	1,144	-2	2,425	2,196	10	4,668	4,440
EBITDA	215	247	-13	498	484	3	835	821
EBITDA margin, %	19.2	21.6		20.5	22.0		17.9	18.5
Operating profit	178	211	-16	422	413	2	685	676
Operating margin, %	15.9	18.4		17.4	18.8		14.7	15.2
Net profit for the period1	145	164	-12	318	325	-2	559	566
Earnings per share, SEK1,2	2.16	2.44		4.75	4.86		8.35	8.46
Cash flow from operating activities	245	118	108	265	170	56	655	560
Return on operating capital, 12 m, %	32.1	27.3		32.1	27.3		32.1	32.5
Net debt/EBITDA, 12 m, ratio	1.3	2.2		1.3	2.2		1.3	1.2
Sales volume, ktonnes	69.4	77.6	-11	142.8	154.4	-7	272,9	284.5

1 Net profit R12 and for full-year 2022 includes a capital gain in net financial items of SEK 42 million from the sale in Q4 2022 of the minority shareholding in Åmotfors Energi AB.

2 Before and after dilution

For further information, please contact:

Niclas Eriksson, CFO

Tel: +46 705 654 257

E-mail: niclas.eriksson@nordic-paper.com

Henrik Essén, Head of Sustainability and Communication

Tel: +46 730 573 801

E-mail: henrik.essen@nordic-paper.com

This is information that Nordic Paper Holding AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the contact person above, at 7.30 am CEST on 20 July 2023.

Nordic Paper is a leading specialty paper producer with its base in Scandinavia. We have been manufacturing top-quality kraft papers and natural greaseproof papers since the 19th century. Our products are based on renewable raw material from local forests. From our five paper mills, four in Scandinavia and one in Canada, we supply customers in 85 countries. Nordic Paper had in 2022 net sales of SEK 4,440m, about 670 employees and is listed on Nasdaq Stockholm. www.nordic-paper.com