"Demand and orders for Södra's products improved during the second four-month period and the Group reported a positive performance and improved profitability. All of the Södra Group's business areas continued to improve their earnings. The improvement is mainly the result of a more favourable market in addition to the Group's own productivity enhancing measures and continued efficiency gains," says Södra's President and CEO Lars Idermark.
Net revenue for the first eight months of the year increased to SEK 11,429 million ($1.6 billion), primarily the result of increased volumes and higher prices. Net revenue for the second four-month period amounted to SEK 5,591 million ($785 million).
Operating profit for the first eight months of the year amounted to SEK 1,012 million ($141.7 million). The accumulated result includes a positive effect of SEK 173 million ($24.3 million) from the sale of equipment from Södra Cell Tofte AS. Earnings in the preceding year were charged with restructuring costs for the discontinuation of Södra Cell Tofte AS.
Consolidated operating profit for the second four-month period amounted to SEK 509 million ($71.4 million) and all business areas displayed a continued positive earnings trend.
Profit after finance income and expenses improved to SEK 953 million ($133.8 million) for the first eight months of the year and amounted to SEK 476 million ($66.8 million) for the second four-month period.
