SCA Presentation - Interim report for Q1 2013


Published on

Consolidated net sales for the first quarter of 2013, excluding exchange rate effects and divestments, rose 20% compared with the same period a year ago. The increase is mainly attributable to acquisitions and higher volumes.

Operating profit excluding exchange rate effects and items affecting comparability rose 25%. The corresponding profit for Personal Care and Tissue rose 27% and 40%, respectively, while profit for Forest Products decreased by 22%. Forest Products includes positive earning effects of SEK 121m attributable to land swaps and negative exchange rate effects of approximately SEK 110m. Profit before tax, excluding exchange rate effects and items affecting comparability, rose 34%. The Group’s operating cash flow improved by 5%, to approximately SEK 1.9bn.
SCA is a leading global hygiene and forest products company. The Group develops and produces sustainable personal care, tissue and forest products. Sales are conducted in about 100 countries under many strong brands. The Group has about 36,000 employees and sales in 2012 amounted to SEK 85bn (EUR 9.8bn). Read more on

  • Be the first to comment

  • Be the first to like this

No Downloads
Total views
On SlideShare
From Embeds
Number of Embeds
Embeds 0
No embeds

No notes for slide

SCA Presentation - Interim report for Q1 2013

  1. 1. 1 January – 31 March 2013Interim Report
  2. 2. Q1 2013Macro updateInterim Report Q1 2013 2 Global economy Weak Western Europe  Some growth in US Good growth in Emerging markets Tissue Some growth in Europe and North America Strong growth in Emerging markets Personal Care Good demand for incontinence products in Europe Stable demand for baby diapers and feminine care in Western Europe Good growth in Emerging markets Forest Products Demand for publication papers decreased in Western Europe Weak demand but improved market balance for solid‐wood products in Western Europe Improved market balance for kraftlinerApril 29, 2013
  3. 3. Interim Report Q1 2013 3* Excluding exchange rate effects and divestment** Excluding exchange rate effects*** Excluding items affecting comparability and exchange rate effects Sales growth 20%* Hygiene business, 23%** Higher volumes Acquisitions Strong growth in Emerging markets Forest Products, ‐7%* Lower prices including currency effects Divestment EBIT increased 25%*** Acquisitions Cost savings Higher volumes Lower raw material costs Operating cash flow increased 5%SummaryQ1 2013 vs Q1 2012April 29, 2013
  4. 4. Efficiency programsInterim Report Q1 2013 4 Hygiene business cost and productivity program Achieved cost savings Q1 2013: SEK 160m Annualized cost savings in Q1 2013: EUR 75m Total annual cost savings of EUR 300m, full effect in 2015 Georgia‐Pacific synergies Achieved cost savings Q1 2013: SEK 54m Annualized cost savings in Q1 2013: EUR 25m Total annual cost savings of EUR 125m, full effect in 2016 Forest Products efficiency program Achieved earnings improvement Q1 2013: SEK 35m Annualized earnings improvement in Q1 2013: SEK 140m Total annual earnings improvement of SEK 1,300m, full effect in 2015April 29, 2013
  5. 5. Interim Report Q1 2013 5SEK millions Q1     Q1unless otherwise stated 2013 2012 Change, % Change, % Net sales 22,386 19,490 15 20 **EBIT* 2,205 1,834 20 25 ***EBIT margin* (%)  9.8 9.4Profit before tax* 1,941 1,503 29 34 ***Earnings per share (SEK)  1.59 1.73   Operating cash flow 1,862 1,778 5Debt/Equity ratio 0.51 0.55*   Excluding items affecting comparability** Excluding exchange rate effects and divestments***Excluding items affecting comparability and exchange rate effectsQ1 2013 resultsApril 29, 2013
  6. 6. Interim Report Q1 2013 6Group Sales decreased 3%* EBIT decreased 6%**Business areas Personal Care, EBIT decreased 4%**• Seasonality effects Tissue, EBIT decreased 10%**• Seasonality effects Forest Products, EBIT decreased 19%***• Lower prices• Negative currency effects• Capital gain on forest land transaction* Excluding exchange rate effects** Excluding items affecting comparability and exchange rate effects*** Excluding items affecting comparabilityQ1 2013 vs. Q4 2012SummaryApril 29, 2013
  7. 7. Interim Report Q1 2013 7Q1 2012   Q1 2013EBIT margin** 10.7%EBIT** SEKm Q1 2012  Q1 2013* Excluding exchange rate effects** Excluding items affecting comparability*** Excluding items affecting comparability and exchange rate effects Sales growth 6% (11%*) Incontinence products increased 8%* Baby diapers increased 11%* Feminine care increased  3%* Emerging markets increased 18%* EBIT increased 21%** (27%***) Higher volumes Lower raw material costs Cost savings Acquisition6%6,6046,24121%**81066812.3%SALES SEKmPersonal CareQ1 2013 vs Q1 2012April 29, 2013
  8. 8. Interim Report Q1 2013 8TissueQ1 2013 vs Q1 2012EBIT margin**EBIT** SEKm10.6%10.1 %SALES SEKm Q1 2012   Q1 2013Q1 2012   Q1 2013 Sales growth 28% (33%*) Consumer tissue increased 35%* AFH tissue increased 28%* Emerging markets increased 17%* EBIT increased by 34%** (40%***)  Acquisition Higher volumes Cost savings28%11,6309,12134%**9251,235* Excluding exchange rate effects** Excluding items affecting comparability*** Excluding items affecting comparability and exchange rate effectsApril 29, 2013
  9. 9.  Sales decreased 11% (‐7%*) Publication papers, decreased sales• Lower prices and divestment Solid‐wood products, decreased sales• Lower prices • Higher volumes Kraftliner, decreased sales• Lower volumes• Higher prices Pulp, decreased sales• Lower volumes and prices EBIT decreased 22%** Lower prices Negative currency effects Capital gain on forest land transactionInterim Report Q1 2013 9‐11%EBIT margin** 6.0%6.9%‐22%**4,2484,783257331SALES SEKm Q1 2012   Q1 2013Q1 2012   Q1 2013EBIT** SEKm* Excluding exchange rate effects and divestment** Excluding items affecting comparabilityForest ProductsQ1 2013 vs Q1 2012April 29, 2013
  10. 10. SummaryInterim Report Q1 2013 10 Good sales growth and higher earnings for the hygiene businesses Challenging market and currency situation for Forest Products Efficiency programs delivering according to plan Good cash flow generation Divestments of former Georgia‐Pacific units approved by EU Laakirchen divestment closedApril 29, 2013
  11. 11. Q&AInterim Report Q1 2013 11April 29, 2013