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
Related Posts
According to the report, total printing-writing paper shipments increased 14 percent in August compared to August 2020. U.S. purchases of total printing-writing papers increased 12 percent in August compared to the same month last year. Total printing-writing paper inventory levels decreased three percent when compared to July 2021. U.S. purchases of uncoated free sheet (UFS) papers in August increased 12 percent compared to last August while the inventory level decreased three percent compared to July 2021. UFS imports and exports both increased compared to July 2020, up 13 percent and 17 percent respectively. Coated free sheet (CFS) paper shipments increased 20 percent compared to August 2020 while the inventory level decreased three percent compared to July 2021. CFS imports and exports both increased compared to July 2020, up 46 percent and six percent respectively. U.S. purchases of coated mechanical (CM) papers in August decreased five percent compared to last August while the inventory level decreased three percent compared to July 2021. CM imports and exports both increased compared to July 2020, up 27 percent and 15 percent respectively. Uncoated mechanical (UM) paper shipments increased 14 percent compared to August 2020 while the inventory level decreased six percent compared to July 2021. UM imports and exports both increased compared to July 2020, up 33 percent and 33 percent respectively.
The conciliator has announced that the conciliation between UPM Communication Papers and Paperworkers’ Union has been interrupted, as the parties’ views are still far apart. At the same time, the conciliator announced that the conciliation in UPM Specialty Papers, UPM Raflatac and UPM Biofuels continues. For UPM Pulp the conciliator has already submitted a settlement proposal. Unlike before, the Paperworkers’ Union is now ready to finalise agreements for UPM’s different businesses non-simultaneously. This means that UPM Specialty Papers, UPM Raflatac, and UPM Biofuels prepare to find solutions on the same schedule as UPM Pulp, which is expected to state its position on the settlement proposal by April 14, 2022. Next meetings between UPM Communication Papers and the Paperworkers’ Union have not been scheduled.
Q1/2022 (year-on-year) • Sales increased by 23% to EUR 2,798 (2,276) million. • Operational EBIT increased by 53% to EUR 503 (328) million. • Operational EBIT margin increased to 18.0% (14.4%). • Operating profit (IFRS) increased to EUR 394 (161) million. • Strong cash flow from operations amounted to EUR 403 (185) million. Cash flow after investing activities was EUR 224 (-9) million. • The net debt to operational EBITDA ratio improved to 1.1 (2.3). The target is to keep the ratio below 2.0. • Operational ROCE excluding the Forest division almost doubled to 23.6% (12.0%), the target being >13%.