Year-end Report for SCA 2022

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/

Related Posts

Mondi to upgrade and expand Kuopio mill in Finland

Mondi has approved a €125 million capital investment project at its semi-chemical fluting mill in Kuopio, Finland. This investment will increase the facility’s capacity by around 55 thousand tonnes per annum to meet growing customer demand; enhance product quality and cost-competitiveness; and strengthen the mill’s environmental performance. The project includes an upgrade of the wood yard, fibre line, evaporation plant and paper machine. Start-up is planned for the fourth quarter of 2023. ProVantage Powerflute®, the semi-chemical fluting produced at the mill, is a high performance and top quality containerboard grade. Due to its high strength, moisture resistance and durability, it is a key component of fresh fruit and vegetable trays and boxes as well as specialised applications.

Metsä Wood’s new Kerto® LVL line at Lohja mill starts up

Production at Metsä Wood's new Kerto® LVL line in Lohja has started. The construction project has progressed according to plan and in schedule. The investment is part of Metsä Wood's EUR 100 million investment program for Kerto® LVL and plywood, and it supports the company’s industrial efficiency strategy. At the Lohja mill, three Kerto LVL production lines were operating until the end of last year. With the investment, one of the old lines has been dismantled and another old line is being run down by the end of 2017. The new Kerto LVL line increases the mill’s production capacity by 20,000 m3 per year. The mill has a total capacity of 120,000 m3. The new line will reach full capacity within one year.

Twin Rivers Announces Price Increase on Publishing Papers

Please be advised that effective with shipments on or after January 15, 2018, Twin Rivers Paper Company will be implementing a US $40.00/ton price increase on our publishing papers, including: • Freesheet: Snowbrite Opaque, Custom Brite, Custom Plus, Custom Supreme, Twin Rivers Opaque, Twin Rivers Offset, Pharmopaque, Snowbrite Pharm, Pharm Brite 92 and all private label grades • Hybrid: Border Brite, Bridge Opaque, Bridge Supreme, Frontier Opaque, Frontier Supreme, Frabrite 76, all tablet/converting products and all private label grades.
Back To Top
×Close search
Search