Financial information

1 January – 30 June 2019

• Net sales, which comprise both deliveries from our own forest and externally acquired wood raw materials, increased by eight percent to MSEK 3,849 (3,567). Prices increased by ten percent on average, while total delivery volumes were down by three percent. Deliveries of seedlings have increased.
• Operating profit increased by seven percent to MSEK 832 (775). Higher prices have to some extent been counteracted by lower volumes. Costs for harvesting and forest management have increased, mainly as a result of planned measures, but also as an effect of increased competition for logging resources in combination with harvesting of storm- and insect-damaged forest. Income from other property transactions is also down.
• The dividend yield, measured over a rolling 12 months period, amounted to 5.4 percent (4.9).
• The reported change in value of standing timber amounted to MSEK 272 (121), the change in value had no impact on cash-flows.
• Profit for the six-month period decreased by 27 percent to MSEK 946 (1,301), equivalent to SEK 7.99 (10.99) per share. The decrease is largely attributable to changes in tax rules in 2018, that had a positive impact on the result widh MSEK 477 last year. The effect was of a non-recurring nature and had no impact on cash flow.