Interim Report January- September 2004
Interim Report January- September 2004 Sveaskog conducts forestry and timber sales based on its holdings of approximately 3.5 million ha of productive forest land. The forestry operations also include property management as well as commercial activities relating to hunting, fishing and recreation. The forestry operations are conducted under the Sveaskog name. The Group also includes industrial operations in the form of cartonboard manufacture, AssiDomän Cartonboard. In addition, Sveaskog has a 50% stake in the wood products industry company Setra Group AB. Quarter January-September MSEK 2004 Q3 2004 Q2 2003 Q3 2004 2003 Net sales 1,862 2,321 1,726 6,212 6,429 Operating profit 270 529 270 1,170 1,197 (of which, capital gains from property sales) (81) (91) (44) (240) (152) Profit after net financial 161 398 152 793 802 items Net profit for the period 116 286 110 571 578 Net earnings per share (SEK) 0.98 2.41 0.93 4.82 4.88 · Operating profit for the third quarter was MSEK 270, a seasonal decrease of 49% compared with the previous quarter. Earnings for the forestry operations decreased mainly due to lower delivery volumes and higher silvicultural costs. Earnings from the cartonboard business (Cartonboard) fell, mainly due to the annual maintenance shutdown. Share of profits from Setra Group and gains from property sales also decreased. · Compared with the third quarter of 2003, operating profit was unchanged, mainly due to higher gains from property sales. Earnings for the forestry operations decreased due to higher silvicultural costs. Cartonboard's earnings were negatively affected by the maintenance shutdown. Share of profits from Setra Group was lower. · Operating profit for January - September decreased by 2% compared with the same period in 2003. Earnings declined for the forestry operations due to lower delivery volumes and higher silvicultural costs. A less favourable business climate for the sawmill operations led to a lower share of profits from Setra Group. Earnings from Cartonboard and property sales rose. Stockholm, 25 October 2004 Sveaskog AB (publ.) (556558- 0031) Gunnar Olofsson President Financial calendar Year-end report 2004 31 January 2005 Interim report January-March 2005 28 April 2005 The interim report is unaudited. If you have any questions concerning this report, please contact Gunnar Olofsson, President, or Linda Andersson, Senior Vice President, Corporate Communications.Telephone: +46 8 655 90 00. www.sveaskog.se ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2004/10/25/20041025BIT21140/wkr0001.pdf The full report