SCA's restructuring costs burden profits in packaging business

摘要

Following a decline in profits in its 2008 financial year, Svenska Cellulosa Aktie-bolaget (SCA), Stockholm, had to cope with another decline in profits in 2009, a crisis-ridden year. The increase in the group's net sales remained below 1 %, and its operating profit dropped by slightly more than 4% to SKr8.19bn (2008: SKr8.55bn). As a result, its net profit fell by almost 14% to SKr4.83bn (2008: SKr5.60bn).rnIn addition to poor results in the packaging, the pulp and the timber business areas, the comprehensive restructuring programme announced by SCA in April 2009 had a negative impact on group results.