Packaging boost for SCA profits
Published: 24 Jul 2007 16:46 GMT+02:00
Updated: 24 Jul 2007 16:46 GMT+02:00
Its sales increased 3.2 percent over the same period last year to 26.12 billion kronor, surpassing the expectations of analysts. Operating profit leapt 16 percent to 2.44 billion kronor.
SCA said the price and volume trend for most of its operations was favourable.
"This, together with the intensive efforts currently underway to strengthen our customer offering and develop an even better customer and product mix, resulted in revenue improvements that well exceeded the increased raw material costs", chief executive Jan Åström said.
"In my opinion, we will continue to see stable development during the autumn with good demand. At the same time, raw material costs will continue to rise," he said.