SCA’s first quarter profit up
SCA's net sales for the first quarter, excluding effects of
exchange rate movements and divestments, rose six percent as a result of higher
prices and volumes compared with the same quarter a year ago.Operating
profit for the first quarter, excluding restructuring costs and
exchange rate effects, rose ten percent compared with the same period a year
ago. Higher prices and volumes along with cost-cutting measures
compensated for SEK 1.3bn in higher raw material costs. Net profit for
the period, excluding restructuring costs, rose six percent (twelve percent excluding
exchange rate effects), and earnings per share rose 24 percent.During the first quarter, operating profit for Personal Care and Tissue decreased compared with the same quarter a year ago. The decrease is
mainly attributable to higher raw material costs. A sharp improvement
in operating profit for Packaging is attributable to higher prices and volumes along with cost savings,
which compensated for higher raw material costs.
Operating profit for Forest Products improved as a result of improved earnings for the publication paper business.Favourable demand is expected in all of SCA's business areas in 2011, according to Jan Johansson, CEO of SCA.