SCA - Year-end Report for SCA 2022

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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 per share increased to SEK 9.61 (8.46).
  • The Board of Directors proposes a dividend of SEK 2.50 (regular dividend in 2021: SEK 2.25, extra dividend in 2021: SEK 1.00) per share.

October–December 2022 compared with October–December 2021

  • Net sales increased 2% to SEK 4,873m (4,763).
  • EBITDA declined 29% to SEK 1,981m (2,806). Adjusted for an unplanned production stop at Östrand (Pulp), which impacted earnings negatively with SEK 138m, EBITDA amounted to SEK 2,119m. Lower selling prices in solid-wood products had a negative impact on earnings. EBITDA margin was 40.6% (58.9).

October–December 2022 compared with July–September 2022

  • Net sales declined to SEK 4,873m (5,007), mainly related to lower selling prices for solid-wood products.
  • EBITDA amounted to SEK 1,981m (2,484). The decrease was primarily attributable to lower selling prices for solid-wood products and an unplanned production stop in pulp. EBITDA margin was 40.6% (49.6).

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Source: SCA

 

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