SCA: Interim Report Q2 2013

  SCA: Interim Report Q2 2013

Business Wire

STOCKHOLM -- July 18, 2013

Regulatory News:

SCA (STO:SCAA)(STO:SCAB):

JANUARY 1–JUNE 30, 2013 (compared with same period a year ago)

· Net sales rose 12% (19% excluding exchange rate effects and divestments) to
SEK 44,531m (39,763)

· Operating profit excluding items affecting comparability rose 11% (16%
excluding exchange rate effects) to SEK 4,361m (3,939)

· Profit before tax, excluding items affecting comparability, rose 18% (22%
excluding exchange rate effects) to SEK 3,884m (3,292)

· Items affecting comparability amounted to SEK -791m (-410)

· Earnings per share were SEK 3.22 (3.58)

· Cash flow from current operations was SEK 1,997m (3,067)

(Table included in pdf: http://mb.cision.com/Main/600/9443229/143756.pdf)

CEO’S COMMENTS

The hygiene operations are showing higher sales and earnings. The decrease in
earnings for Forest Products is mainly attributable to lower prices and
negative exchange rate effects as a result of the stronger Swedish currency.

The efficiency programs in the hygiene and forest products operations are
continuing according to plan.

Consolidated net sales for the first half of 2013, excluding exchange rate
effects and divestments, rose 19% compared with the same period a year ago.
The increase is mainly attributable to acquisitions and higher volumes in the
hygiene operations. Operating profit excluding items affecting comparability
and exchange rate effects rose 16%. Acquisitions, higher volumes, lower raw
material costs and cost savings contributed to the earnings improvement. The
corresponding profit for Personal Care and Tissue rose 17% and 37%,
respectively, while profit for Forest Products decreased by 34%. Profit before
tax, excluding items affecting comparability and exchange rate effects, rose
22%.

Consolidated net sales for the second quarter of 2013, excluding exchange rate
effects and divestments, rose 18% compared with the same period a year ago.
The increase is mainly attributable to acquisitions and higher volumes in the
hygiene operations. Operating profit excluding items affecting comparability
and exchange rate effects rose 5%. Acquisitions, higher volumes and cost
savings contributed to the earnings improvement. The corresponding profit for
Personal Care and Tissue rose 3% and 33%, respectively, while profit for
Forest Products decreased by 42%. Profit before tax, excluding items affecting
comparability and exchange rate effects, rose 11%.

In connection with SCA’s acquisition of Georgia-Pacific’s European tissue
operations in 2012, the European Commission set conditions for certain
divestments of consumer tissue businesses. The European Commission has now
approved all of SCA’s divestments. The businesses in question represent
combined sales of approximately EUR 200m.

NB

SCA discloses the information provided herein pursuant to the Securities
Markets Act. This report has been prepared in both Swedish and English
versions. In case of variations in the content between the two versions, the
Swedish version shall govern. Submitted for publication on July 18, 2013, at
12:00 CET.

This information was brought to you by Cision http://news.cision.com

Contact:

SCA
Johan Karlsson, Vice President Investor Relations
Corporate Communications
+46 8 788 51 30
or
Boo Ehlin, Vice President Media Relations
Corporate Communications
+46 8 788 51 36
or
Joséphine Edwall-Björklund, Senior Vice President
Corporate Communications,
+46 8 788 52 34
 
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