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UPM posts record Q2 earnings, H1 profits down on higher costs and lower deliveries

21 July 2022
|
Published in issue 30/2022
|
~ 4 min
Most UPM business divisions reported good business and solid demand in the second quarter of 2022. Against a 7 per cent increase in sales to €2.56bn y-o-y, the company said to have reached record Q2 earnings in 2022. Operating...
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European Investment Bank supports modernisation of SCA’s Obbola kraftliner mill

13 October 2021
|
Published in issue 41/2021
|
~ 2 min
Sweden’s pulp and packaging paper company SCA will borrow €300m from the European Investment Bank (EIB) for the modernisation of the Obbola kraftliner mill in Sweden. In Obbola, SCA is currently installing a new 725,000 tpy...
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Norske Skog reports losses for the first half of 2020

Demand for publication paper plunges in May and June

29 July 2020
|
Published in issue 31/2020
|
~ 3 min
The Covid-19 crisis has had a significant impact on Norske Skog’s performance over the past few months. The company reported its first-half earnings in mid-July, which shone a light on the knock-on effects of slower demand for its...
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SCA: Quarterly profit down by half due to lower prices

06 May 2020
|
Published in issue 19/2020
|
~ 3 min
For Swedish forestry and paper company SCA, a 6 per cent decline in first-quarter sales to SEK4.793m was a mild downturn compared to the 46 per cent plunge in operating profit to SEK628m. The net result of SEK341m in the first...
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UPM extends deadline for potential sale of Chapelle Darblay newsprint mill

UPM extends deadline for potential sale of Chapelle Darblay newsprint mill

UPM extends deadline for potential sale of Chapelle Darblay newsprint mill
29 April 2020
|
Published in issue 18/2020
|
~ 4 min
UPM is still in talks with potential buyers for its Chapelle Darblay newsprint mill in France. The company now confirmed that the deadline for a possible sale of the mill will be postponed. While UPM had always said that the site...
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Stora Enso estimates impact of strikes at €11m per week

Stora Enso estimates impact of strikes at €11m per week

Stora Enso estimates impact of strikes at €11m per week
31 January 2020
|
Igor Dugandzic
|
~ 1 min
Strikes in the Finnish pulp and paper industry started last Monday and will last up to three weeks. This could affect Stora Enso's Q1 profit by €33m. In Finland, various labour unions in the forestry, paper and chemical industries...
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SCA posts lower profit despite higher sales, reports declining market prices in all product areas in Q3

20 November 2019
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Published in issue 47/2019
|
~ 4 min
Swedish forestry group SCA was largely satisfied with its overall results in the third quarter and the first three quarters of the current year. Even in a very difficult market environment in the third quarter of 2019, the group...
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Higher pulp prices and greater efficiency increase Arctic Paper Group‘s H1 2017 profits

06 September 2017
|
Published in issue 36/2017
|
~ 2 min
The Polish-Swedish Arctic Paper Group, consisting of papermaker Arctic Paper and pulp manufacturer Rottneros, is largely satisfied with its achievements in the first half-year 2017. Whilst sales decreased slightly by 1.5% against...
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SCA’s profit up 41% in the first half of 2014

10 March 2015
|
Published in issue 31/2014
|
~ 2 min
Higher sales, profits and margins characterise the first half of the year for Swedish papermaker SCA. The positive figures are mainly due to the good performance of the Forest Products and Tissue business units – the latter being...
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UPM Paper’s ENA operations profitable again

09 March 2015
|
Published in issue 33/2014
|
~ 2 min
UPM generated markedly higher operating result and net profit despite slightly lower sales in the first half of 2014 compared to the first six months of last year. Profit for the reporting period increased from €161m to €322m....
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