Södra’s operating profit for the 1Q 2017 totalled SEK 451 million ($51 million), compared to SEK 249 million ($28.2 million) in 1Q 2016, representing an operating margin of 9%. Profit before tax amounted to SEK 430 million ($48.7 million). Tax expense for the period was SEK 57 million ($6.4 million), as the company said in the press release received by Lesprom Network.
1Q operating profit before depreciation, amortisation and impairment (EBITDA) was SEK 761 million ($86.2 million), compared to SEK 484 million ($54.8 million) in 1Q 2016.
In the 1Q, consolidated net sales amounted to SEK 5,098 million ($577 million), up 12%. Growth in all business areas was in line with expectations.
Founded in 1938, Södra is Sweden’s largest forest-owner association, with more than 50,000 forest owners as its members. Södra is one of the largest European suppliers of market pulp, and has one of the largest sawmill operations in Sweden
