Södra’s operating profit for the third four-month period amounted to SEK 452 million (502). The full-year profit is in line with expectations and the board proposes a distribution of profit totalling SEK 602 million.
“2016 was a year of transition for Södra, with major changes due to robust investment and restructuring but also lower prices for our finished goods. Against this background, operating profit of SEK 452 million for the third four-month period is a show of strength, while full-year profit of SEK 1,005 million is completely in line with expectations”, says Lars Idermark, President and CEO, in a statement.
Consolidated net sales for the third four-month period amounted to SEK 6,214 million (6,081), and for the full-year 2016 amounted to SEK 18,482 million (18,267). The operating profit for the period totaled SEK 452 million (502) and for the full-year SEK 1 005 million (2 162). Return on capital employed was 7 percent (17) and the equity ratio was 55 percent (62).
“Södra’s efforts to create a stronger company in a more global and competitive market are continuing. The extensive investments of recent years are among the largest in Södra’s history, and we are strengthening our customer offering and securing markets for our members’ forest products,” says Lars Idermark.
Södra was founded in 1938 and is the largest forest-owner association in Sweden, with a membership of more than 50,000 forest owners. We engage in modern and responsible forestry, and operate state-of-the-art mills in which we process our raw material. Through value-generating relationships and a long-term approach, Södra is leading the way for the next generation of forestry.