Sveaskog’s 1Q 2017 net sales increased by 8% to SEK 1,597 million ($181 million). Total delivery volumes increased by 4% compared with the corresponding period in the previous year while selling prices increased by an average of 2%. Sales of wood raw material totalled 2.9 million cubic metres.

Operating profit from continuing operations increased by 10% to SEK 383 million ($43.4 million), compared to SEK 349 million ($40 million) in 1Q 2016. Higher prices and a positive product mix improved earnings by SEK 20 million ($2.3 million).Profit for the 1Q 2017 increased by 3% and amounted to SEK 339 million ($38.4 million), compared to SEK 329 million ($37.3 million) in 1Q 2016.

Sveaskog is Sweden’s leading forest company and sells sawlogs, pulpwood, biofuel, forest seedlings and silvicultural services.