Thursday, February 17, 2022
Södra posted a record result of SEK 5,316 million for 2021 due to favourable market prices and stable industrial production. Södra’s Board proposes a profit distribution of SEK 2,239 million.
In 2021, the Södra Group’s net sales rose 33 percent to SEK 27,060 million (20,351). Operating profit totalled SEK 5,316 million (891). Return on capital employed was 25 percent (2) and the equity ratio was 63 percent (57) at year-end.
The profit distribution proposed by Södra’s Board reflects the annual result, as well as dividends on members’ wood deliveries for both 2020 and 2021. SEK 206 million will be distributed for wood deliveries in 2020 and SEK 687 million for 2021. The Board will propose a profit distribution of SEK 2,239 million to members at the Annual General Meeting on 24 May 2022. This corresponds to 43 percent of profit before tax.
“Södra delivered a record performance for the year. The result is a product of an exceptional market in many respects for our core products in pulp and sawn timber, while our mills delivered high-quality and stable volumes. The positive result reflects the key role of family forestry in the climate transition, combined with the fantastic efforts of our members and employees during the year,” said Södra’s President Lotta Lyrå.
“The result is gratifying for Södra and our 52,000 members, with two challenging years behind us due to the pandemic. We need to see these unique years as a whole, rather than two separate years. The record result for 2021 is also due to the efforts carried out during the crisis year of 2020. These past two years have been extraordinary, and we are therefore happy to be making a record distribution to our members.”
Tags: Covid-19, pandemic, Södra, woodworking and manufacturing, woodworking and processing, woodworking industry, woodworking machinery
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