Södra receives official credit rating – strengthens long-term financial position
Södra has received a credit rating of BBB from credit rating agency Nordic Credit Rating (NCR). The rating is a confirmation of financial stability and promotes long-term value generation for Södra’s 53,000 members.The aim of Södra’s Group strategy is to create profitable and sustainable growth in an ever-changing world. Long-term financial stability is key to achieving this goal. The credit rating agency Nordic Credit Rating (NCR) has now assigned Södra an official credit rating of BBB, the equivalent of ‘investment grade rating.’ The rating is confirmation of Södra’s long-term financial
Within the context of Södra's Group strategy, investments and restructuring are now being realised to increase competitiveness and long-term profitability. The results for 2016 will be impacted, and operating profit for the first eight months of the year totalled SEK 553 million (1,660). "Operating profit is in line with expectations, due to lower prices for market pulp and sawn timber, our transition and the change programme," said Södra's CEO Lars Idermark.Net sales rose slightly to SEK 12,268 million (12,186), while operating profit declined to SEK 553 million compared with an