Home Money Svenska Cellulosa Aktiebolaget SCA (publ) (SVCBF) Q1 2024 Earnings Call Transcript

Svenska Cellulosa Aktiebolaget SCA (publ) (SVCBF) Q1 2024 Earnings Call Transcript

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Svenska Cellulosa Aktiebolaget SCA (publ) (SVCBF) Q1 2024 Earnings Call Transcript

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Svenska Cellulosa Aktiebolaget SCA (publ) (OTCPK:SVCBF) Q1 2024 Earnings Call Transcript April 26, 2024 4:00 AM ET

Company Participants

Ulf Larsson – President and Chief Executive Officer
Andreas Ewertz – Chief Financial Officer

Conference Call Participants

Charlie Muir-Sands – BNP Paribas
Gaurav Jain – Barclays
Oskar Lindström – Danske Bank
Robin Santavirta – Carnegie
Johannes Grunselius – DNB Markets
Andrew Jones – UBS
Linus Larsson – SEB
Cole Hathorn – Jefferies

Operator

Good morning and welcome to this presentation of SCA’s First Quarter Results for 2024. With me here today, I have President and CEO, Ulf Larsson; and CFO, Andreas Ewertz to go through the results and take your questions.

Over to you, Ulf.

Ulf Larsson

Thank you, Anders. Good morning also from my side. A warm welcome to the presentation of SCA’s result for the first quarter 2024. We can now state that the market for all fiber-based products has turned up and that we have a sequentially stronger position in comparison with Q4 2023. It has started to drive price increases in all areas but it’s always with a delay effect. In general, we see a high demand on wood raw materials and by that continued increasing prices. In addition, we have increased volumes from our own forests, which in comparison with the first quarter last year substantially, has strengthened the resulting business area forest. We continue our efforts to gradually increase production in the sites where strategic investments have been recently carried out and this has resulted in slightly higher delivery volumes in comparison with the first quarter last year. These investments will successfully contribute to increased productivity and cash generation during coming years.

Sales decreased with 5% and EBITDA with 22% versus first quarter 2023. Increased volume and currency are on the positive side in this comparison, while price is

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