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SCA reports for the better results from January to September compared to the corresponding period a year earlier. The earnings per share improved by 18%. The cash flow rose 72%. All business areas (hygiene products, packaging, forest products) showed a higher operating profit.
Hygiene Products
Operating profit improved 58% to SEK 3,233 M (2,044). The improvement was attributable primarily to i... [more...]
M-reals turnover increased by 28 per cent to EUR 5 222 million (4 071 million in Jan.-Sept. 2000). Operating profit was down 28 per cent to EUR 316.9 million (438.3), representing 6.1 per cent of turnover. Profit before extraordinary items was EUR 148.4 million, a substantial decrease on the same period of last year (340.3). The return on capital employed was 7.5 per cent (13.9). The return on equ... [more...]
Raflatac, Inc., an operating unit of UPM-Kymmene Corporation, today opened its first North American facility, a $50 million self-adhesive label-stock manufacturing center. The will produce paper-based and synthetic pressure-sensitive label stock.
Raflatac is one of the world's leading suppliers of paper-based and synthetic pressure sensitive labelstock. Raflatac has eleven factories on five conti... [more...]
As a result of subdued demand, production in the paper industry also had to be restricted during the third quarter. The capacity utilization rate was down at 87% whereas the corresponding figure for last year was 98%. The average rate over the period January to September this year was 89% against 94% last year.
Paper and board production in the third quarter stood at 3.2 million tonnes, 11% less... [more...]
Production of sawn goods, which was still showing growth in the first half of the year, has taken a sharp downturn over the last few months. Production of sawn goods in the third quarter was around 16% less than in the same period a year ago. In the period January to September, some 9.5 million m3 of sawn goods were produced, 3% less than last year. Other problems for the sector during the third q... [more...]
After the strong year 2000, the first half of 2001 was characterised by a declining demand. Despite the fact that production restrictions were imposed by most of the producers, price reductions could not be avoided. The production capacity utilisation within Norscan (North America and Scandinavia) was 84.3 per cent for bleached chemical pulp during the first half of 2001 compared to 96.5 per cent... [more...]
Stora Enso’s earnings per share excluding non-recurring items improved to EUR 0.23, compared with EUR 0.18 in the previous quarter, mainly due to lower financial costs. The profit before tax and minority interests excluding non-recurring items was EUR 287.6 million (EUR 248.3 million in previous quarter).
Sales for the quarter at EUR 3 200.5 million were about 6% less than the previous quarter’s... [more...]
Sappi Fine Paper North America announced the restructuring of corporate staff functions at its headquarters in Boston, Mass. and various other sales and corporate offices across the country. As part of this corporate streamlining, approximately 100 positions have been eliminated, or 10% of the salaried workforce. The corporate restructuring results from the closure of the company’s mill in Mobile,... [more...]
UPMs operating profit was until end September EUR 1,062 million, down 8% on last year's corresponding figure of EUR 1,153 million. The financial result benefited from the fact that prices for the main products were higher than last year, but was weakened by lower capacity utilization rates. Excluding net capital gains, operating profit was 14.4% of turnover, compared with 16.6% for this period las... [more...]
Rayonier reported third quarter 2001 net income of $6.0 million (3. Qu. 2000: $12,1 million). The decrease was primarily due to lower absorbent materials prices and a higher effective corporate tax rate. These were partially offset by higher wood products earnings, lower interest expense and the favorable translation impact of a stronger New Zealand dollar.
Compared to second quarter 2001 earnin... [more...]