Year-end Report 2015
JANUARY 1 – DECEMBER 31, 2015 (compared with same period a year ago) · Net sales rose 11% (5% excluding exchange rate effects) to SEK 115,316m (104,054) · Organic sales growth, which excludes exchange rate effects, acquisitions and divestments, was 5% · Operating profit, excluding items affecting comparability, rose 10% to SEK 13,014m (11,849) · The operating margin, excluding items affecting comparability, was 11.3% (11.4%, 11.1% excluding gains on forest swaps) · Profit before tax, excluding items affecting comparability, rose 11% to SEK 12,059m (10,888) · Items