Södra posts a strong result in a declining market
Södra’s operating profit for the first half-year totalled SEK 2,009 million, compared with SEK 2,257 million in the year-earlier period. Return on capital employed was 19 percent, which surpassed Södra’s target of 10 percent. Net sales for the second quarter of 2019 amounted to SEK 6,199 million (6,626), and operating profit totalled SEK 861 million (1,318). All production facilities delivered favourable results and, as planned, CLT production commenced in May.“The favourable forest economy of recent years is about to subside in line with the slowdown in global economic growth. Nevertheless,