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NORDICPAPER Interim report January – March 2021 - QUARTERLY RESULTS JANUARY - MARCH Q1 2021 • Net sales decreased by 7 % to SEK 772m ( 827 ) , excluding currency effects the decrease was 1 % • EBITDA was SEK 134m ( 174 ) , corresponding to an EBITDA margin of 17.4 % ( 21.1 ) Operating result was SEK 106m ( 148 ) , corresponding to an operating margin of 13.8 % ( 17.9 ) Net result for the period amounted to SEK 81m ( 122 ) Cash flow from operating activities was SEK 47m ( -3 ) Earnings per share was SEK 1.21 ( 1.82 * ) • Return on operating capital was 23.7 % ( 36.4 ) Sales volumes increased by 3 % to a record level of 75 ktonnes ( 73 ) SIGNIFICANT EVENTS AFTER THE QUARTER Nordic Paper has decided to initiate consultations with trade unions regarding a discontinuation of pulp production at the Säffle plant and to replace it with purchased external pulp . A decision has also been made regarding investment in the plant of approximately SEK 70m primarily aimed at increasing efficiency in handling of external pulp . KEY FIGURES 2021 2020 2020 SEKM Net sales EBITDA EBITDA margin , % Operating profit Operating margin , % Profit for the period Q1 Q1 A , % R 12 m Full year 772 827 -7 2,849 2,903 134 174 -23 418 458 17.4 21.1 14.7 15.8 106 148 -28 306 348 13.8 17.9 10.7 12.0 81 122 -34 216 258 Earnings per share , SEK 1.21 1.82 * 3.24 3.85 Cash flow from operating activities , 47 -3 402 352 Return on operating capital 12m , % 23.7 36.4 23.7 26.9 Net debt / EBITDA 12m , ratio ** 1.7 -0.0 1.7 1.6 Sales volumes , ktonnes 75 73 3 268 267 * Recalculated for the 1,400 : 1 split of the company's ordinary shares , which was decided by the extraordinary general meeting on 1 October 2020 . ** Negative value because of net cash . Nordic Paper - Interim report January - March 2021 1/23