Munksjö’s 2Q 2016 net sales grow 4% to Euro 302.9 million, compared to Euro 291.2 million in 2Q 2015. Adjusted EBITDA was Euro 40.1 million and the adjusted EBITDA margin was 13.2%. 2Q 2016 operating result was Euro 26.7 million. 2Q 2016 net result jumps to Euro 16.9 million from year-ago Euro 2.7 million.
Munksjö’s President and CEO, Jan Åström, said: “Our performance continued to improve during the 2Q and we delivered the strongest result since the current Munksjö Group was formed in 2013. Based on a good 1Q and a strong 2Q, our total delivery volumes increased by four per cent during the first six months, when excluding the specialty pulp business.
“All of our four business areas showed volume growth, which was also positively reflected in their results. The annual maintenance shut down in 2016 at the pulp production facility in Sweden will be made in the 3Q instead of the 2Q. This change gave a positive effect on our total volumes, net sales and the result compared to last year.
“We showed strong progress in profitability development and cash flow during the first six months. The total profitability improvement amounted to Euro 20 million, of which approximately half was due to own actions related to the plan to reach the profitability target of an EBITDA margin of 12% at the end of 2016. The rest was mainly related to favourable cost conditions.”
Munksjö Group is an international specialty paper company.
