SCA profit slips to SEK 1 billion as currency effects weigh on forestry group

Net sales rose 5 percent to 5.2 billion.

"The increase was primarily due to higher delivery volumes, which were offset by lower selling prices and negative currency effects," SCA writes in its quarterly report.

"A high degree of self-sufficiency in raw wood, fuel, energy and logistics remained important in mitigating the effect of higher costs," the company adds.