Nordic Paper plans to list on Stockholm NASDAQ

On the evening of December 23, 2019, Shanying International announced that it held the 30th meeting of the 7th board of directors on the same day, deliberating and passing the proposal of listing its company Nordic Paper Holding AB (hereinafter referred to as "Nordic Paper") on the NASDAQ OMX Stockholm Stock Exchange.

Nordic Paper is a special paper manufacturer based in Backhammar, Sweden, that being acquired by Shanying International in October 2017 with 2.4 billion Swedish kronor (some 1.952 billion yuan). Nordic Paper has four paper plants, three in Sweden and one in Norway, focusing on the segmentation of grease-proof paper and kraft paper. The end products are mainly growth ones meeting special requirements in food, consumer goods, construction, chemical and other industries.

As of December 24, Shanying International indirectly owns 100% of Nordic paper through its wholly-owned subsidiary, SUTRIV. According to the company's 2018 annual report, Nordic Paper achieved annual revenue of 2.305 billion yuan, of which the net profit of 245 million yuan. In the first half of 2019, Nordic Paper's net profit rose 11% year-on-year to 168 million yuan.

Nordic Paper plans to list on Stockholm's NASDAQ Stock Market, said Shanying. This equity carve-outs listing will promote Nordic Paper and Shanying International long-term high-quality development. After the completion of the equity carve-outs listing, Shanying International and its subsidiaries will increase external direct financing. In addition, the equity carve-outs of the Nordic Paper listing will also enrich the Nordic Paper management team's long-term incentives to promote the Nordic Paper to achieve long-term growth.

The Stockholm Stock Exchange's P/E ratio median for paper companies is about 15 times, according to statistics. Based on first-half net profits 2019 and the sector's average PE ratio, Nordic Paper would have a total market capitalisation of 5 billion yuan, double the valuation that made acquisition by Shanying International in 2017.

Читайте також

HEIDELBERG strengthens core business and secures position in the printing and packaging industry

HEIDELBERG is further expanding its strategic position as a systems integrator. The transaction to integrate the lifecycle business and the global sales and service companies of the manroland sheetfed Group was completed at the beginning of July. The integration of manroland sheetfed into the Group can proceed as planned.

Insights from Corrugated 2026: Why converters must act now to prepare for the next era of corrugated packaging

The corrugated board packaging sector is at a pivotal moment. Several major trends are converging simultaneously, forcing converters to make critical decisions about the future of their businesses.

Contact Originators receives global print excellence award

Contact Originators has received a global excellence award in recognition of its work on a complex corrugated post-print project with Smurfit Westrock.