Södra reduces loss
Södra presents an operating profit, excluding restructuring costs, amounted to SEK 400 million, an increase of 1,3 billion on last year.
Profit after net financial improved to - 450 million SEK, compared with - 919 million last year.
"Our markets have continued to be characterised by a weak economic situation and a strong Swedish krona. Despite this, our earning capacity grew significantly over the year. If we exclude the restructuring costs for the closure of the pulp mill in Tofte, our operating profit amounted to SEK 400 million, which is SEK 1,329 million better than in 2012. These improved underlying earnings are what we now take with us into 2014", comments CEO Lars Idermark.
In July, Södra decided to close its pulp mill in Tofte, Norway. The restructuring charges for the closure amounted to 817 million.