2018 International Forest Industries IFI Aug Sept 2018 Digital | страница 19

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Södra: 2Q
consolidated net
sales rose 26%
Södra reported sustained strong operating profit of
SEK 1,318 million ($149 million) for the 2Q, the best
quarterly result ever. The market trend was positive
for all of the company product categories and
completed investments, efficiency improvements
and restructuring are reflected in the result.
Consolidated net sales for the 2Q rose 26%
year-on-year to SEK 6,626 million ($751 million),
and the operating margin strengthened to 20%.
For the first half-year, operating profit totalled
SEK 2,257 million ($256 million) – the strongest
half-year figure in Södra’s history. Return on capital
employed rose to 26% and the equity ratio was
57%.
In the Södra Skog business area, operating
profit totalled SEK 49 million ($5.6 million) for
the period. The result was impacted by continued
weather challenges. Following a cold and snowy
winter that made transportation difficult, the
dry conditions of recent months have increased
the fire danger and significantly impacted forest
operations.
In the Södra Wood business area, operating
profit totalled SEK 210 million ($23.8 million) for
the period, mainly reflecting the positive price level
for sawn timber but also the ongoing restructuring
process. The result refers solely to the sawmill
operations, since the Interior Wood segment has
largely been discontinued and is now reported
under Other segments.
In the Södra Cell business area, operating profit
totalled SEK 1,196 million ($136 million) for the 2Q.
The profit trend was mainly attributable to the high
price level, a favourable USD exchange rate and the
higher volumes enabled by expansion of the pulp
mill at Värö.
October 17-19, 2018
Portland, Oregon
For full details please visit
www.timberprocessingandenergyexpo.com
International Forest Industries | AUGUST / SEPTEMBER 2018 17