Nordic Paper Signals Asian Paper Market Recovery

SEATTLE (Scrap Monster): Norway-based Nordic Paper announced year-end report for FY 2020. The report outlines the operational and financial performance of the company during Q4 and full-year 2020

The company’s net sales during Q4 2020 registered a decline by 9% to $81 million, compared to $89.2 million in 2019. The EBITDA for the quarter rose to $17.4 million. The EBITDA margin improved from 8.8% in Q4 2019 to 21.4% during Q4 last year. Meantime, volumes surged higher by 3%, compared with the corresponding quarter a year before. Nordic Paper posted net profit of $9 million.

According to company press release, the operating results stood at $13.6 million, whereas the operating margin was 16.8%.

The net sales for FY20 were down by 10% to $351 million, mainly due to lower prices. The volumes remained more or less unchanged. The EBITDA for the year has dipped by 27% to $55.4 million. The operating result totalled $42 million, whereas the company posted profit of $31.2 million.

Commenting on the results, Anita Sjölander, CEO, Nordic Paper said that both market situation and production remained stable in Q4. The quarter was characterized by good kraft paper demand and recovery in Asian markets, he added.

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