Sveaskog Reports Improved Earnings In First Half Of 2013

Published on : Wednesday, July 24, 2013

SveaskogSveaskog’s profit improved in the first half compared with the same period last year to reach SEK 544 million (446). Sales volumes increased by 4%. Selling prices fell by an average of 10%.

Per-Olov Wedin, President and CEO: “The improvement in earnings despite lower price levels is due to higher deliveries from the company’s own forests and lower production costs. The latter was achieved through improved efficiency and the fact that the previous year included additional costs related to the storm Dagmar.”

Sveaskog’s sales of wood raw material in the first half of 2013 totalled 5.9 (5.7) million cubic metres (m3sub). Sales of pulpwood and chips increased by over 8% while sales of the rest of the assortment were largely unchanged.
The strong Swedish krona remains a threat to the Swedish wood products industry. Swedish sawmill production is now at its lowest since the 1990s. Swedish wood products deliveries decreased in the first months of the year. In addition to the impact of the weak economic situation, pulp and paper mills are affected by the structural changes currently taking place in the industry. Market development is difficult to assess.

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