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For the period of January to September 2022, SCABY reported a 13% increase in net sales to SEK 15,921m due to higher selling prices. EBITDA rose by 30% to SEK 8,213m, with an EBITDA margin of 51.6%. However, for the third quarter, net sales were stable at SEK 5,007m, a slight decrease of 7% in EBITDA to SEK 2,484m, largely due to falling prices for solid-wood products. Operating cash flow improved to SEK 4,958m, fully funding ongoing investments. Demand for solid-wood products weakened, affecting selling prices.
SCA has appointed Andreas Ewertz as the new CFO, effective May 1, 2022. Ewertz has been with SCA since 2017, previously overseeing investor relations and business control in key areas. He replaces Toby Lawton, who is leaving for personal reasons. Ewertz holds a Master's in Industrial Engineering and Management from Linköping University and has prior experience at Handelsbanken Capital Markets. This leadership change aims to strengthen the company's financial strategies.
SCA reported net sales of SEK 8,982m for January-June 2021, down from SEK 9,480m, impacted by discontinued paper operations. However, excluding these effects, sales increased by 17%. EBITDA soared 78% to SEK 3,619m, with a margin of 40.3%. The second quarter saw net sales of SEK 4,810m, a 15% rise from the previous quarter. Strong demand for solid-wood products and ongoing growth projects support a positive outlook. Forest asset values increased to SEK 76.6bn.
SCA is investing SEK 50m to enhance environmental performance at its Härnösand pellet mill, focusing on reducing emissions and improving neighborhood comfort. The investment includes a wet electrical filter to minimize particulate release, with operations expected to commence by the summer of 2022. The facility, producing wood fuel pellets since 1992, also aims to improve water treatment processes with new sedimentation basins. This initiative reflects SCA's commitment to sustainability while addressing community concerns.
In the first quarter of 2021, SCA reported net sales of SEK 4,172m, down from SEK 4,793m in the same period last year. Excluding the impact of discontinued publication paper operations, sales increased by 8%. EBITDA rose 32% to SEK 1,359m, driven by higher selling prices across all product areas. Operating profit improved to SEK 1,046m and earnings per share increased to SEK 1.14.
The company has discontinued its publication paper operations, focusing on growth in other product areas, which positively impacted the EBITDA margin, reaching 32.6%.
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