Strong first quarter for Södra
Södra’s operating profit totalled SEK 451 million (249) for the first quarter. The operating margin improved to 9 percent (5) and return on capital employed to 11 percent (7).“Södra’s first quarter was strong with increased net sales, higher earnings and an improved operating margin. Robust demand contributed to the favourable volume and price trend, and the currency trend was also positive. Based on its Group strategy, Södra will continue to strengthen and focus on increased digitisation, innovation and sustainability,” said Lars Idermark, President and CEO.
“One important reason for
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