SCA operating profit falls 37% to SEK 697 million in the fourth quarter

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SCA operating profit falls 37% to SEK 697 million in the fourth quarter
Photo: Mats Andersson/TT

Forestry group SCA reports an operating profit of SEK 697 million for the fourth quarter, a decline of 37 percent from SEK 1.1 billion in the same period a year earlier.

Net sales fell 5 percent to SEK 4.9 billion.

Results and sales were slightly lower than expected, according to Bloomberg's compilation of forecasts.

The board of directors proposes a dividend to shareholders of SEK 3 per share - an unchanged level compared to a year earlier. On average, the market had expected an increase to SEK 3.09 per share.

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By TT News AgencyEnglish edition by Sweden Herald, adapted for our readers

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