Oct 29, 2008. /Lesprom.com/. SCA announced that for the 1 January to 30 September 2008 period (compared with same period previous year) net sales rose 5% to SEK 82,290 million ($10 million). Profit before tax was SEK 5,087 million ($0.6 million). Net profit for the period was SEK 4,172 million ($0.5 million). Earnings per share were SEK 5.92 (0.78). Operating cash flow was SEK 2,178 (0.2904). Net sales rose 5% compared with the same period a year ago, mainly as a result of acquisitions, said Jan Johansson, President and CEO of SCA. SCA's operating profit fell 7% compared with a year ago, to SEK 6,716 million ($0.9 million). The hygiene operations reported stronger sales as well as earnings, while a deterioration was noted for the Packaging and Forest Products operations. The global financial crisis has accelerated the recession that we have felt the effects of since the start of the year. SCA has a secure share of committed long-term credit facilities to cover its financing needs in the years immediately ahead. SCA's hygiene operations, which have become an increasingly important part of our portfolio, are affected to a lesser extent than the other product areas by an economic downturn. The Tissue operations have shown a strong improvement in sales and earnings compared with the preceding year (up 17 and 44%, respectively), as well as compared with previous quarters this year. We are working intensively on creating a better product mix in both the Away-From-Home segment, where the Tork brand is steadily gaining ground, and in the retail consumer segment, where our efforts have been focused on growing the share of branded products. Sales and operating profit for the Personal Care operations are up compared with a year ago and the second quarter of this year. The autumn has been characterised by a higher level of campaign intensity than earlier in the year. SCA is acting with force in all segments and has maintained or strengthened its market positions. The important technological shift in the production of baby diapers, which will strengthen our product offering and our margins once it has been fully implemented, continues to weigh down earnings. “At SCA packaging operations give us an early economic indicator, and packaging is also the business area in which SCA has seen a significantly weaker result compared with the previous year and quarter. Demand is lower, and the large inventories of liner held by producers continue to plague the industry. SCA is acting by cutting its testliner production by a total of 50,000 tonnes in October and November. During the autumn, prices for raw materials and energy have started to fall. Our Forest Products business is also exposed to swings in the economy to some extent, and the negative trend that we have seen in the sawmill operations continues. We believe that our hygiene operations have continued favourable prospects for improved sales and earnings, while for our packaging and solid-wood operations, we expect sales and earnings to remain under pressure”, added Jan Johansson.