Lecta Ltd Interim Report as at 30 June 2022

For the second quarter ended 30 June 2022 Lecta had revenue of €529.4 million versus €310.7 million in the second quarter ended 30 June 2021, an increase of €218.7 million or +70%.

The variation can be broken down as follows:
• Higher sales of CWF, Specialties and Purchased Products of €218.7 million or +70%, from €310.7 million in 2Q2021 to €529.4 million in 2Q2022, resulting from higher sales volumes of 25,500 metric tonnes or +8.7%, with 319,400 metric tonnes in 2Q2022 vs 293,900 metric tonnes in 2Q2021, and a increase in average net sales price of 546€/t or +56%, with 1,518€/t in 2Q2022 vs 973€/t in 2Q2021; and
• Higher sales of energy of €19.6 million or +79%, from €24.8 million in 2Q2021 to €44.5 million in 2Q2022, resulting from lower sales volumes of 50,600 MWh or -18%, with 224,100 MWh in 2Q2022 vs 274,700 MWh in 2Q2021, and an increase in average net sales price of 108€/MWh or +119%, with 199€/MWh in 2Q2022 vs 91€/MWh in 2Q2021.

The costs of raw materials and consumables used increased by €75.7 million, or +18.6%, from €155.9 million in 2Q2021 to €231.6 million in 2Q2022, and as a percentage of revenue they decreased from 50.2% in 2Q2021 to 43.7% in 2Q2022. The absolute increase was mainly attributable to higher produced and purchased volumes, and to an increase in the average consumption price of pulp of 193€/t of paper.

Labor costs increased by €5.2 million, or +11.9%, from €43.4 million in 2Q2021 to €48.5 million in 2Q2022, and as percentage of revenue they decreased from 14.0% in 2Q2021 to 9.2% in 2Q2022.

EBITDA increased by €35.9 million, from €11.6 million in 2Q2021 to €47.5 million in 2Q2022. This increase was essentially due to higher sales of paper in volume and higher sales prices, partly offset by higher production cost and higher labor and fixed costs.
details at: https://cmspro.lecta.com/DownloadAreaDocuments/LectaLtd_Q2_2022_InterimReport.pdf

Related Posts

Ahlstrom-Munksjö Rhinelander plant announces temporary machine idle

Ahlstrom-Munksjö announced that it plans to temporarily idle #8 Paper Machine in December 2021, along with its #20 Supercalender and #21 Rewinder in July 2022 at its Rhinelander, Wisconsin Plant in the United States. #8 Paper Machine has a capacity of 14,000 tons per year. The total number of people affected is yet to be determined based on retirements and other potential job assignments. “In a very competitive marketplace, we must continue to provide cost-effective and innovative products, challenging our machine capabilities to generate optimum results,” said Robyn Buss, Executive Vice President of Ahlstrom-Munksjö's Food Packaging & Technical Solutions Business Area. “Our robust manufacturing platform is well-positioned for continued success. By utilizing several other machines in our regional system, we will provide our customers with the level of service required to meet their needs.”

Teachers, Students Go Back to School with Domtar’s Help

As the new academic year begins, about 60% of students may go back to school without supplies in hand. For some families and teachers in lower-income communities, the cost of school supplies can cause significant stress and limit student achievement. Domtar is committed to investing in relationships throughout communities – with our customers, with our neighbors, and with our schools. And each year, we invest in teachers’ and students’ needs alongside customers such as ODP Corporation and organizations like Classroom Central during back-to-school season. Domtar is a longtime vendor partner of The ODP Corporation’s StartProud!® back to school program, which supports students and teachers at nearly 30 Title I elementary schools with school supplies and needed equipment.

ANDRITZ introduces CircleToZero® – paving the way towards pulp production with zero emissions and zero waste

International technology Group ANDRITZ has launched CircleToZero®, a holistic program for the pulp-producing industry with the goal of providing strong support to customers in their efforts to achieve maximum, sustainable production, aiming at zero emissions and zero waste production. Pairing in-house innovations with ANDRITZ’s proven and state-of-the-art technologies, CircleToZero will enable the pulp-producing industry to either eliminate or make use of side streams in pulp production and convert by-products into new added-value products.
Back To Top
×Close search
Search