Södra reports strong Q3 results and sees positive market conditions
Swedish forest owners association Södra has revealed that its operating profit totalled SEK 421 million (43.7 million) for the third quarter 2017, up 21 million (≈ EUR 2.2 million) compared to the same period 2016. The strong results were due, inter alia, to higher prices and stable demand for both paper pulp and sawn timber. During the quarter, decisions were also taken about future-oriented initiatives for increased wood processing and biofuel production.
According to a statement, net sales in the third quarter increased 8 percent to SEK 4.76 billion (≈ EUR 494 million). Operating profit increased 5 percent to SEK 421 million (≈ EUR 43.7 million). Operating margin was 9 percent.
We also made decisions about important future initiatives during the period. These relate partly to increased wood processing in cross-laminated timber, and partly to the production of biofuel based on the by-product methanol from the pulp industry, said Idermark.
For the January to September 2017 period, net sales amounted to SEK 15.1 billion (≈ EUR 1.57 billion), up SEK 1.19 billion (≈ EUR 124 million), and operating margin at 9 percent, up 4 percent, compared to the same period 2016.