Consolidated net sales rose 11% to SKr20.5bn (2016: SKr18.4bn).
The Sodra Wood division, including sawmilling operations, recorded a full year operating profit of SKr157m. The buoyancy of the sawn timber operations was partially offset by eroding price on interior wood products, particularly white painted mouldings.
“2017 was a good year for Södra, with a strong result,” said Lars Idermark, President and CEO. “With a well-invested industry and continued investments in processing and innovation in selected areas, Södra is well positioned for the future and any challenges it may bring,” he said.
Activity was high in 2017, with extensive investment in the sawmills, continued restructuring and divestments of the interior operations in Sweden, Lithuania and Norway.
Efforts to strengthen competitiveness in the sawn timber operations are progressing in line with the adopted multi-year plan. Sodra’s board is proposing a profit distribution of SKR868m.
