Södra releases strong second quarter results

With a consolidated six per cent increase in net sales to SEK5.244 million (US$637,000), and a nine per cent increase in operating margin, among others, Södra Wood’s second quarter results are strong. However, the increase was mainly due to the improved earnings for sawn timber, growing demand for Södra’s products, and improvements in the company’s internal operations. Additionally, in the second quarter of 2016, Södra Wood was restructuring it’s sawmill operations.

“The overall forest economy remains strong, which is to Södra’s advantage. Higher prices for both market pulp and sawn timber contributed to a strong quarter for Södra, and a firmer customer and market orientation is also yielding results. In addition, the expansion investments at our pulp mills and the restructuring process in the sawmill operations had a positive impact on operating profit,” president and CEO of Södra, Lars Idermark, said. “All business areas reported higher year-on-year operating profit, and efforts to increase our strength and focus, based on Södra’s new strategic direction, will continue unabated.”