We issue financial reports quarterly and our annual report and sustainability report in March of each year.
1 January – 30 June 2018
Net sales, which comprise both deliveries from Sveaskog’s own forests and externally procured wood raw material, increased by 8% to SEK 3,567 million (3,299). Prices increased by an average of 7% and total delivery volumes increased by 1%.
Operating profit from continuing operations increased by 7% and amounted to SEK 775 million (725). Higher prices were offset to some extent by a 7% decrease in delivery volumes from own forests.
Sveaskog’s associated company Setra Group increased its operating profit to SEK 233 million (90). Sveaskog’s share of this result increased to SEK 90 million (34).
Yield, measured over a rolling12 month-period, amounted to 5.0% (4.5).
The net change in the carrying amount of standing timber amounted to SEK 121 million (108).
Profit for the first six months of 2018 increased by 67% and amounted to SEK 1,301 million (779). Changed corporate tax rules resulted in a positive earnings impact of SEK 477 million.
Earnings per share increased by 67% and amounted to SEK 10.99 (658).