Q4 2024 Nordic Paper Holding AB Earnings Call and Q&A Session Transcript
Key Points
- Nordic Paper Holding AB (STU:NPH) reported a 17% increase in net sales for the fourth quarter, reaching SEK1.1 billion.
- The Natural Greaseproof segment achieved a new record for net sales, contributing significantly to the company's growth.
- EBITDA increased by 12% to SEK189 million, indicating strong operational performance.
- The company has maintained high margins despite challenging economic conditions, demonstrating resilience.
- All markets served by Nordic Paper Holding AB (STU:NPH) showed growth, with the highest increase in the American market.
- The Kraft paper segment faced challenges, with sales volumes down by 6% due to a slower ramp-up at the Bäckhammar pulp mill.
- The EBITDA margin decreased slightly to 16.7%, indicating some pressure on profitability.
- There is an anticipated downward pressure on sales prices in both segments for the upcoming quarter.
- Fixed costs increased compared to the previous year, partly due to the absence of positive one-offs from last year.
- Working capital increased, negatively affecting cash flow due to higher inventories of finished goods.
Thank you very much. Good morning and warm welcome to this presentation of the Nordic Paper year-end report for 2024. My name is Henrik Essen, and I am head of Investor Relations at Nordic Paper. As usual, we will hold a presentation where CEO Anita Sjolander and CFO Niclas Eriksson will present the report.
I, now hand over the word to Anita.
Thank you, Henrik, and thank you all for attending today's presentation. My name is like Henrik said, Anita Sjolander. I am the CEO of Nordic Paper since 2019, and I am truly passionate about our business and the value that we are creating in societies where our products really make a difference when they are replacing fossil-based materials. But also, the support these products have in our everyday life.
Nordic Paper has a long track record of growing the business in the last six years. We have increased our net sales by 45%, while we have also kept the margins on the high
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