Strong year for Södra
Södra reported an operating profit of SEK 1,5 billion for 2014, compared with the loss of 417 million for the comparable period 2013.
Net sales for 2014 rose 5 percent to SEK 17,4 billion, from 16,6 billion. Profit before tax increased to SEK 1,4 billion, from the loss of 450 million last year.
“2014 was a strong year for Södra and it feels satisfying to report operating profit that improved to SEK 1,9 billion. We are well positioned for continued investment in building an even stronger and more successful Södra,” said CEO Lars Idermark.
In 2014, Södra embarked on a period of heavy investment that will continue for several years to come. The decision to date is to invest approximately SEK 5 billion in the three pulp mills, including more than SEK 4 billion in Värö Mill outside Varberg.