STOCKHOLM, Sweden, July 25, 2003 (PRIMEZONE) -- SCA (Other OTC:SVCBF):
Interim Report 1 January-30 June 2003
03:2 03:1(1) 0306 0206
Earnings per share, SEK 4.87 6.02 10.89 11.94
Cash flow from current
operations per share, SEK 5.56 7.45 13.01 16.19
Net sales, SEK M 21,231 21,890 43,121 43,370
Earnings after financial
items, SEK M 1,604 1,974 3,578 3,993
Net earnings, SEK M 1,130 1,395 2,525 2,769
(1) Including items affecting comparability, SEK 197 M before taxes and SEK 154 M after taxes.
Compared with first half of 2002 .Earnings per share amounted to SEK 10.89 (11.94).
- Operating profit within Hygiene Products declined by 9% but with unchanged operating surplus margin. Packaging declined by 9% and Forest Products by 28%.
Compared with first quarter of 2003
- Earnings per share amounted to SEK 4.87 (SEK 6.02, of which SEK 0.66 derived from positive non-recurring items).
- Earnings per share excluding non-recurring items decreased by 9%, of which currency effects accounted for 4 percentage points.
- Operating profit declined in Hygiene Products and Packaging by 7% and 10%, respectively, while the operating surplus margin remained unchanged. The decline for Forest Products was 19%.
For further information, please contact: Jan Astrom, President and CEO. Phone: +46 70 586 0701. Peter Nyquist, Senior Vice President, Communications and Investor Relations, Phone: +46 70 575 2906.
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http://www.waymaker.net/bitonline/2003/07/25/20030725BIT00130/wkr0002.pdf
The full report