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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Mondi has developed the world’s first sustainable polycoated kraft (PCK) paper release liner, which is being launched on a global scale. Such liners are indispensable to carry and protect pressure-sensitive adhesive (PSA) products, and currently are often discarded once the PSA products are used. Mondi’s NextLiner uses a recycled base paper with a coating made from renewable resources. Using recycled fibres and renewable materials can have a positive impact on the environmental footprint of NextLiner, used in graphic arts, tapes and other industrial applications. Technical Data: *NextLiner is currently available in a 90-pound PCK grade (90# Liner), a standard graphic arts grade. Additional grades are available by adjusting the polycoating and paper weight. *NextLiner is available in a plain or structured version (as AirXLiner™). *Polycoated kraft paper has several advantages over alternative constructions, as it doesn’t tear easily and offers comparable moisture resistance properties. It has good layflatness, even when wet, and typically comes in an overall higher grammage (e.g., 90-gramm) compared to the standard, thinner options often used for labels.
The second quarter was challenging with all-time low sales volumes and with currency-neutral net sales declining by 18% compared to the same period last year. The largest sales decline was in North America due to the continued inventory destocking resulting in production curtailments. This, in combination with historically high fiber costs in Europe led to a weak result. By all indications, the blastomycosis outbreak at the Escanaba mill is behind us. Following a three-week idling and deep cleaning of the facilities, operations were successfully resumed on the 8th of May. We continue to work closely with local, state and federal health experts as they complete their analysis of the testing and sample collection at the mill. Results will be made publicly available in due course. The negative financial impact of the outage and the deep clean was SEK 85 million in the quarter. From the 1st of April, our financial results are reported according to a regional structure. Business conditions differ vastly between Europe and North America, even if the current situation of high inventories and destocking applies to both regions. Region Europe’s profitability deterioration in the second quarter was primarily due to all-time-high fiber cost and soft volumes. Region North America on the other hand delivered a comparatively healthy margin, despite an operating rate of 50-60%, thanks to our cost-leadership and tight cost control.
•The U.S. imposes final duties on Canadian softwood lumber, following failed talks to end the decades-long dispute between the two countries. •The U.S. Department of Commerce announces slightly lower initial duties for Canadian producers West Fraser Timber and Canfor Corp., with combined anti-dumping and countervailing duties of 23.6% and 20.5% respectively, and maintains rates for Resolute Forest Products. •Commerce Secretary Wilbur Ross says the U.S. is confident the WTO, which may eventually rule on the dispute, would take its side; the DoC accuses Canada of unfairly subsidizing and dumping softwood lumber, a charge Canada denies.