Södra reports an operating profit of 371 million Kronor (-52) for the first three months of the year. Profit after net financial items amounted to 382 million Kronor (-59). Södra's net sales increased to 4,575 million Kronor (3,773), and return on capital employed was 15 percent.“Although we are not exactly in a boom, we have moved from recession to prosperity," commented Leif Brodén, CEO of Södra, at a press conference in Stockholm Monday.Södra reports increased profits in all business areas compared with the first quarter last year. Increases in the price of pulp and sawn timber products boosted figures.Södra Cell's net sales improved by 19 percent compared with the same period last year to 2,615 million Kronor (2,199). Operating profit amounted to 322 million Kronor (-24). Return on operating capital was 18 percent. The period was characterized by relatively low stock levels and high deliveries. Production increased compared with the same period last year, which was influenced by market-related stoppages at the Norwegian pulp mills. The market also strengthened as a result of the earthquake in Chile, which reduced pulp supplies.