Operations in 2015

Net sales rose 5% to SEK 17,279m (16,490). Sales growth excluding exchange rate effects was 3%, of which volume accounted for 2% and price/mix for 1%. Exchange rate effects increased sales by 2%.

Kraftliner showed higher prices (including exchange rate effects) and higher volumes. Publication papers showed higher prices (including exchange rate effects) and lower volumes. Solid-wood products showed lower prices (including exchange rate effects) and higher volumes. Pulp showed higher prices (including exchange rate effects) and unchanged volumes.

Operating profit, excluding items affecting comparability, rose 4% (17% excluding gains on forest swaps) to SEK 2,605m (2,505). Higher prices (including exchange rate effects), higher volumes, lower raw material and energy costs, and cost savings contributed to the earnings increase. Gains on forest swaps recognized in the income statement were lower than in the preceding year and amounted to SEK 0m (336).

The operating margin 1) was 15.1% (15.2).

The return on capital employed 1) was 6.9% (6.6).

Operating cash surplus amounted to SEK 3,319m (2,750) and operating cash flow to SEK 2,501m (1,440).

Capital expenditures in non-current assets amounted to SEK 1,815m (1,060).

Operating profit 1), SEKm:

2,605

Operating margin 1):

15.1%

Net sales and operating margin

Forest Products – Net sales and operating margin (bar chart)Forest Products – Net sales and operating margin (bar chart)

Excluding items affecting comparability.
2012 and 2013 restated in accordance with IFRS 10 and 11.

Key figures 1)

SEKm

2015

2014

1)

Excluding items affecting comparability.

Net sales

17,279

16,490

of which internal

482

424

Operating cash surplus

3,319

2,750

Change in working capital

95

–342

Current capital expenditures, net

–869

–876

Other operating cash flow

–44

–92

Operating cash flow

2,501

1,440

Operating profit 1)

2,605

2,505

Operating margin, % 1)

15

15

Capital employed

37,217

37,831

Return on capital employed, % 1)

7

7

Strategic capital expenditures

 

 

plant and equipment

–946

–184

company acquisitions/divestments

279

–18

Average number of employees

4,153

4,293

No. of employees at Dec. 31

4,276

4,134

Operating profit and return on capital employed

Forest Products – Operating profit and return on capital employed (bar chart)Forest Products – Operating profit and return on capital employed (bar chart)

Excluding items affecting comparability.
2012 and 2013 restated in accordance with IFRS 10 and 11.

TARGET

For the Forest Products business area

  • Return on capital employed is to be in the top quartile of the industry over a business cycle.
  • To grow in line with the market.

SCA’s sales by product segment

Forest Products – SCA’s sales by product segment (pie chart)Forest Products – SCA’s sales by product segment (pie chart)

SCA’s sales by region

Forest Products – SCA’s sales by region (pie chart)Forest Products – SCA’s sales by region (pie chart)

1) Excluding items affecting comparability.