{"id":697,"date":"2017-07-25T17:48:08","date_gmt":"2017-07-25T15:48:08","guid":{"rendered":"http:\/\/forest-analytics.com\/?p=697"},"modified":"2017-07-25T17:48:08","modified_gmt":"2017-07-25T15:48:08","slug":"sodra-wood-increases-profits","status":"publish","type":"post","link":"https:\/\/forest-analytics.com\/index.php\/2017\/07\/25\/sodra-wood-increases-profits\/","title":{"rendered":"S\u00f6dra Wood increases profits"},"content":{"rendered":"

Timber division of Swedish company S\u00f6dra recorded a sharp profits jump in the second quarter to 50m SEK (Swedish Krone) compared to a year ago.<\/strong><\/p>\n

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S\u00f6dra\u2019s timber division recorded a sharp profits jump in the second quarter to 50m SEK compared to a year ago.<\/p>\n<\/div>\n

The Swedish sawmiller\u2019s performance (compared to a 204m SEK loss a year ago) was mainly due to improved earnings for sawn timber.<\/p>\n

In addition, the second quarter of 2016 was impacted by a non-recurring cost of SKr204m related to the restructuring of S\u00f6dra Wood\u2019s sawmill operations.<\/p>\n

Group-wide S\u00f6dra\u2019s operating profit totalled 464m SEK for the second quarter. The trend was boosted by favourable demand for S\u00f6dra\u2019s products, higher prices and internal operational improvements.<\/p>\n

Lars Idermark, president and CEO of\u00a0S\u00f6dra said:<\/p>\n

\u00a0\u201cThe overall forest economy remains strong, which is to S\u00f6dra\u2019s advantage. Higher prices for both market pulp and sawn timber contributed to a strong quarter for S\u00f6dra. 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.\u201d<\/em><\/strong><\/span><\/p><\/blockquote>\n

CONTINUE READING…<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Timber division of Swedish company S\u00f6dra recorded a sharp profits jump in the second quarter to 50m SEK (Swedish Krone) compared to a year ago.<\/p>\n","protected":false},"author":1,"featured_media":698,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false},"categories":[50,53],"tags":[36,55,75,76],"jetpack_featured_media_url":"https:\/\/i1.wp.com\/forest-analytics.com\/wp-content\/uploads\/2017\/07\/DSC09989.jpg?fit=4912%2C3264&ssl=1","jetpack_publicize_connections":[],"yoast_head":"\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\n