Consolidated net sales for the first quarter of 2013, excluding exchange rate effects and divestments, rose 20% compared with the same period a year ago. The increase is mainly attributable to acquisitions and higher volumes.
Operating profit excluding exchange rate effects and items affecting comparability rose 25%. The corresponding profit for Personal Care and Tissue rose 27% and 40%, respectively, while profit for Forest Products decreased by 22%. Forest Products includes positive earning effects of SEK 121m attributable to land swaps and negative exchange rate effects of approximately SEK 110m. Profit before tax, excluding exchange rate effects and items affecting comparability, rose 34%. The Group’s operating cash flow improved by 5%, to approximately SEK 1.9bn.
SCA is a leading global hygiene and forest products company. The Group develops and produces sustainable personal care, tissue and forest products. Sales are conducted in about 100 countries under many strong brands. The Group has about 36,000 employees and sales in 2012 amounted to SEK 85bn (EUR 9.8bn). Read more on www.sca.com.
2. Q1 2013
Macro update
Interim Report Q1 2013 2
Global economy
Weak Western Europe
Some growth in US
Good growth in Emerging markets
Tissue
Some growth in Europe and North America
Strong growth in Emerging markets
Personal Care
Good demand for incontinence products in Europe
Stable demand for baby diapers and feminine care in Western Europe
Good growth in Emerging markets
Forest Products
Demand for publication papers decreased in Western Europe
Weak demand but improved market balance for solid‐wood products in
Western Europe
Improved market balance for kraftliner
April 29, 2013
10. Summary
Interim Report Q1 2013 10
Good sales growth and higher earnings for the hygiene businesses
Challenging market and currency situation for Forest Products
Efficiency programs delivering according to plan
Good cash flow generation
Divestments of former Georgia‐Pacific units approved by EU
Laakirchen divestment closed
April 29, 2013