SCA operating profit halves to SEK 724 million in second quarter

Net sales fell 4 percent to SEK 5.1 billion.

Lower selling prices, headwinds from currency effects and higher raw material costs explain the weak performance, according to SCA.

"High fuel prices due to the conflict in the Middle East negatively affected results in the Forestry and Industrial segments, but contributed to a record result in the Renewable Energy segment," SCA writes, adding in the report that profit in the second quarter increased compared with the results from the first quarter of the year.