31.10.2007 07:26:00
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SCA: Interim Report 1 January - 30 September 2007
SCA (NASDAQ:SVCBY) (STO:SCAB) (STO:SCAA) (LSE:SNKB):
-- Net sales amounted to SEK 78,105m (75,789).
-- Profit before tax amounted to SEK 5,895m (5,030), an improvement of 17%.
-- Net profit for the period amounted to SEK 5,023m (4,016).
-- Earnings per share amounted to SEK 7.13 (5.70).
-- Cash flow from current operations amounted to SEK 3,105m (1,549), an improvement of 100%.
-- Net cash flow amounted to SEK 1,565m (-1,781).
CEO'S MESSAGE
"The improvement in earnings compared with the previous year continues. Profit before tax is 17% higher and all business areas improved their operating profit. At the same time, SCA's operations maintained the earnings level from the strong second quarter and once again report a profit before tax in excess of SEK 2 billion.
Demand for the Group's products remains high with opportunities for further price improvements while raw material and energy costs are expected to be higher than during the third quarter.
The acquisition of Procter & Gamble's tissue operations marks a
key strategic step in the work of improving SCA's tissue operations in
Europe. The deal was closed on 1 October and has clearly strengthened
SCA's leading position in Europe."
Lennart Persson
acting President and CEO
A press conference will be held today, October 31, at 10.30 CET. For further details, see www.sca.com.
Stockholm, 31 October 2007
Note
SCA discloses the information provided herein pursuant to the Swedish Securities Exchange and Clearing Operations Act. The information was submitted for publication at 08.00 CET on 31 October 2007. This report has been prepared in both Swedish and English. In case of variation in the content of the two versions, the Swedish version shall prevail. The report has not been reviewed by the company's auditors.
Svenska Cellulosa Aktiebolaget SCA is a global consumer goods and paper company that develops, produces and markets personal care products, tissue, packaging solutions, publication papers and solid-wood products. Sales are conducted in some 90 countries. SCA has annual sales in excess of SEK 101 billion (c. EUR 11 billion) and production facilities in more than 40 countries. SCA had approximately 51,000 employees at the beginning of 2007. SCA shares are traded on the Stockholm, London and New York stock exchanges. For more information, visit www.sca.com
This information was brought to you by Cision http://newsroom.cision.com
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