January–December 2022 compared with January–December 2021
*The carrying amount of SCA’s forest assets increased to SEK 97.9bn (84.5) as of December 31, 2022 due to continued increase in transaction prices for forest assets in Northern Sweden.
*Net sales increased 10% to SEK 20,794m (18,822), which mainly related to higher selling prices in containerboard and pulp.
*EBITDA increased 12% to SEK 10,194m (9,109). The increase was mainly attributable to higher selling prices. Cost increases were largely offset through control over SCA’s own value chain with a high degree of self-sufficiency in wood, energy, and logistics. EBITDA margin was 49.0% (48.4).
*Operating profit increased to SEK 8,642m (7,634).
*Operating cash flow was SEK 5,685m (5,216) and fully financed ongoing strategic capital expenditures.
Earnings for 2022 were the highest ever for SCA. EBITDA amounted to SEK 10,194m, with an EBITDA margin of 49.0%. The results were achieved through strong demand and high selling prices for SCA’s products and cost control. SCA’s high degree of self-sufficiency in wood, energy and logistics contributes towards stability and good profitability over time. Operating cash flow during the year continued to finance SCA’s strategic capital expenditures. Toward the end of the year, two strategic capital expenditure projects began operating, expanded pulp production at Ortviken in Sundsvall and expanded kraftliner production in Obbola, Umeå. Together with other ongoing strategic capital expenditures, the commissioning of the new production lines will further strengthen the company’s result and cash flow generation in the years ahead.
During 2022, SCA continued to invest in forest land and the company’s holding amounted to 2.7 million hectares at the end of the year. Transaction prices for forest assets continued to increase in 2022 and the total carrying amount of SCA’s forest assets amounted to SEK 97.9bn (84.5) at the end of the year. SCA bases its valuation of forest assets in Sweden on forest transactions in the areas where SCA owns forest. The average market price used in valuation of SCA’s forest assets was SEK 366/m3fo at December 31, 2022, up 13% compared with the preceding year (SEK 324/m3fo).
more at: https://www.sca.com/en/media/press-releases/2023/year-end-report-for-sca-2022/