Q1/2022 compared with Q1/2021 Pro forma
• Net sales increased by 27.0% to EUR 918.9 million (723.5)
• Comparable EBITDA improved to EUR 122.3 million (107.7), representing 13.3 (14.9) of net sales.
Reported Q1/2022 compared with Q1/2021
• Reported operating result was EUR 40.7 million (-8.0) and included items affecting comparability and other items of EUR -33.7 million (-47.4)
• Net result was EUR 14.0 million (-23.9) including net financial items of EUR -16.1 million (-20.2) and taxes of EUR -10.6 million (4.3)
details at: https://www.ahlstrom-munksjo.com/globalassets/investors/reports-and-presentations/2022/q1-2022-ahlstrom-munksjo-holding.pdf
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Q3/2020 compared with Q3/2019 • Net sales decreased by 8.0% to EUR 654.5 million (711.3), mainly due an adverse currency effect and lower average selling prices • Comparable EBITDA decreased to EUR 78.9 million (83.6), representing 12.1% (11.7) of net sales, impacted by scheduled maintenance shutdowns • Operating result of EUR 32.9 million (34.3) • Net result EUR 15.5 million (12.0). Q1-Q3/2020 compared with Q1-Q3/2019 • Net sales decreased by 9.9% to EUR 1,994.1 million (2,214.1), mainly due to lower average selling prices and volumes as well as an adverse currency effect • Comparable EBITDA increased to EUR 244.7 million (242.4), representing 12.3% (10.9) of net sales, driven by lower variable costs, which more than offset lower selling prices and sales volumes • Operating result of EUR 132.5 million (87.2), including a capital gain of EUR 32.0 million from the sale of the fine art paper business • Net result EUR 71.2 million (30.9)
Norske Skog’s EBITDA in the first quarter of 2022 was NOK 610 million, an increase from NOK 422 million in the fourth quarter of 2021. Sales prices for all grades increased in the quarter as a consequence of unprecedented high energy costs in Europe and a tightened publication paper market situation. The European mills operated at full capacity during the quarter. The pellets facility Nature’s Flame was sold at a gain of NOK 175 million in the quarter. Cash flow from operations was NOK 196 million in the quarter compared to NOK 317 million in the previous quarter, positively impacted by the improved operating margins, but negatively impacted by change in working capital, being mainly an increase in trade and other receivables. Operating earnings in the first quarter of 2022 were NOK 593 million compared to operating earnings in the fourth quarter of 2021 of NOK 479 million. Net profit in the quarter was NOK 583 million compared to a net profit of NOK 400 million in the previous quarter. Net interest-bearing debt was NOK 924 million at the end of the first quarter, with an equity ratio of 37%.
Due to continued sharp rise in raw material costs and inflationary indirect costs that can no longer be offset by efficiency gains, the Felix Schoeller Group will adjust prices for its specialty papers with effect from February 1st, 2022. Costs for PE and pigments used in color receiver layers continue to rise sharply. To compensate for these increases and in addition for the inflationary indirect costs the Felix Schoeller Group will implement price increases of up to 7.5% in all its product segments effective for shipments from February 1st, 2022.