The year at a glance
2015 in figures
- Net sales rose 11% to SEK 115,316m (104,054).
- Organic sales growth, which excludes exchange rate effects, acquisitions and divestments, was 5%.
- Operating profit, excluding items affecting comparability, rose 10% to SEK 13,014m (11,849).
- The operating margin, excluding items affecting comparability, was 11.3% (11.4%, 11.1% excluding gains on forest swaps).
- Profit before tax, excluding items affecting comparability, rose 11% to SEK 12,059m (10,888).
- Earnings per share amounted to SEK 9.97 (9.40).
- The return on capital employed, excluding items affecting comparability, was 12.0% (11.2%).
- The return on equity, excluding items affecting comparability, was 11.6% (11.9%).
- Cash flow from current operations amounted to SEK 9,890m (8,149).
- The Board of Directors proposes an increase in the dividend by 9.5% to SEK 5.75 (5.25) per share.
Key events in 2015
- To further intensify the focus on the Group’s two main operations, SCA decided to initiate a dividing of the Group into two divisions: a Hygiene division and a Forest Products division.
- Decision to further enhance the hygiene organization. This change took effect on January 1, 2016.
- Decision to invest in a new production facility in Brazil for the manufacture of incontinence products.
- Decision to invest in increased capacity for pulp production at the Östrand pulp mill in Sweden.
- SCA qualified for inclusion in the Dow Jones Sustainability World Index and the Dow Jones Sustainability Europe Index, and was named industry leader in the Household Products sector.
- Decision to make a public bid on Wausau Paper Corp., one of the largest AfH tissue companies in the North American market. The transaction was completed on January 21, 2016.
- Decision to divest the business in Southeast Asia, Taiwan and South Korea for integration with Vinda. SCA is the majority shareholder in Vinda, one of China’s largest hygiene companies.
- As part of the cost-savings program related to the acquisition of Georgia-Pacific’s European tissue operations, a tissue production plant in France was closed.
- Decision to close down a newsprint machine at the Ortviken paper mill in Sweden.
Group
|
2015 |
|
2014 |
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|
SEK |
|
EUR 2) |
|
SEK |
|
EUR 2) |
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|
|||||||||||||||
Net sales, SEKm/EURm |
115,316 |
|
12,334 |
|
104,054 |
|
11,449 |
||||||||
Operating profit, SEKm/EURm |
10,947 4) |
|
1,171 |
|
10,449 |
|
1,150 |
||||||||
Operating profit, SEKm/EURm 1) |
13,014 |
|
1,392 |
|
11,849 |
|
1,304 |
||||||||
Operating margin, % |
9 |
|
|
|
10 |
|
|
||||||||
Operating margin, % 1) |
11 |
|
|
|
11 |
|
|
||||||||
Profit before tax, SEKm/EURm |
9,992 |
|
1,069 |
|
9,488 |
|
1,044 |
||||||||
Profit before tax, SEKm/EURm 1) |
12,059 |
|
1,290 |
|
10,888 |
|
1,198 |
||||||||
Profit for the year, SEKm/EURm |
7,452 |
|
797 |
|
7,068 |
|
778 |
||||||||
Profit for the year, SEKm/EURm 1) |
8,753 |
|
936 |
|
8,244 |
|
907 |
||||||||
Earnings per share, SEK |
9.97 |
|
|
|
9.40 |
|
|
||||||||
Earnings per share, SEK 1) |
11.82 |
|
|
|
11.07 |
|
|
||||||||
Cash flow from current operations per share, SEK |
14.08 |
|
|
|
11.60 |
|
|
||||||||
Equity per share, SEK |
107.35 |
|
|
|
103 |
|
|
||||||||
Dividend, SEK |
5.75 3) |
|
|
|
5.25 |
|
|
||||||||
Strategic capital expenditures, including acquisitions, SEKm/EURm |
–3,218 |
|
–344 |
|
–2,324 |
|
–256 |
||||||||
Divestments, SEKm/EURm |
329 |
|
35 |
|
206 |
|
23 |
||||||||
Equity, SEKm/EURm |
75,691 |
|
8,290 |
|
72,872 |
|
7,643 |
||||||||
Return on capital employed, % |
10 |
|
|
|
10 |
|
|
||||||||
Return on capital employed, % 1) |
12 |
|
|
|
11 |
|
|
||||||||
Return on equity, % |
10 |
|
|
|
10 |
|
|
||||||||
Return on equity, % 1) |
12 |
|
|
|
12 |
|
|
||||||||
Debt/equity ratio |
0.39 |
|
|
|
0.49 |
|
|
||||||||
Debt/equity ratio, excluding pension liabilities |
0.36 |
|
|
|
0.42 |
|
|
||||||||
Average number of employees |
44,051 |
|
|
|
44,247 |
|
|
||||||||
Number of employees at Dec. 31 |
44,000 |
|
|
|
43,772 |
|
|
+10%
increase in operating profit in 2015, excluding items affecting comparability, compared with the preceding year.