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www.pulp-paperworld.com - Financial News
The current market conditions had a significant impact on Södra’s operating profit in the third quarter. Despite higher year-on-year delivery volumes for Södra’s core products, the price formation for market pulp was weaker. For the third quarter, Södra’s sales amounted…
Valmet has completed the acquisition of PMP Group in Poland following the agreement that was announced on September 11. PMP Group is a provider of technologies and services for the paper industry. The enterprise value of the acquisition is approximately…
WRI’s Hardwood Fiber Price Index fell to a 16-year low in the 2Q/20, driven by lower pulplog prices in Brazil, Russia and Eastern Canada Wood raw-material costs fell for most pulp manufacturers throughout the world in the 2Q/20, reducing WRI’s…
Södra Cell is increasing the price of its northern bleached softwood kraft (NBSK) pulp in Europe by $40/tonne to $880, effective 1 October. “We do recognize the challenges presented in the wake of Covid-19. Nevertheless, demand for our NBSK in Europe…
Demand for imported hardwood chips in China and Japan plummeted in the 2Q/20 as a result of reduced consumption of pulp and paper in the two countries The world’s two largest purchasers of wood chips China and Japan drastically reduced…
Stora Enso’s remuneration policy, published in January 2020, has been ranked the best for Large Cap companies in Finland. The members of the ranking committee include representatives from the pension insurance company Varma, the Directors’ Institute of Finland, and Nasdaq.…
Valmet has become aware of Alfa Laval’s announcement on public cash tender offer for all shares in Neles. Valmet completed 14.88 percent share acquisition of Neles’ shares from Solidium Oy on July 1, 2020. “Neles is a good quality company…
SCA has confirmed a new harvesting plan which shows that the harvesting level in the own forest will increase over the coming five years by an additional one million cubic meters per year more than the current level. The increased…
Södra’s operating profit during Q2 was stable given current market conditions. Deliveries were higher year-on-year, but prices for Södra’s core products were considerably weaker than in 2019. For the first half of 2020, operating profit totalled SEK 449 million (2,009), return on capital employed was 4 per cent…
Thursday, 23 April 2020 18:47

Essity interim Report First Quarter 2020

The Group’s net sales increased 10.0% in the first quarter of 2020 compared with the corresponding period a year ago. Organic net sales increased 7.8%, of which volume accounted for 5.9% and price/mix for 1.9%. In mature markets, organic net…
Despite dramatically changed conditions in the wake of the COVID-19 pandemic, production rates at Södra’s facilities remained high and stable in the first quarter. Sales amounted to SEK 5,576 million (6,318). Operating profit for the quarter totalled SEK 227 million…
Due to the current coronavirus outbreak, the Finnish government has announced its intention to issue a presidential decree to commission the Emergency Powers Act (Valmiuslaki 1552/2011, as amended) on Tuesday, March 17, 2020, adopting multiple restrictive measures, including the prohibition…
Stora Enso is offering a possibility to follow its Annual General Meeting (AGM) via webcast as a precautionary measure to decrease any risk of infection of the new COVID-19 coronavirus. The company strongly encourages any shareholders who have recently visited…
The Austrian government has adopted further measures to stop the coronavirus from spreading. These measures also affect the Annual General Meeting of ANDRITZ AG on March 25, 2020. From today’s perspective, it will not be possible, according to the new…
Lenzing – Despite a generally difficult demand environment for textile fibers and a drastic drop in prices for standard viscose, the Lenzing Group recorded a solid business development in 2019. The disciplined implementation of the sCore TEN corporate strategy and…
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