Sveaskog’s 2Q net sales, which comprise both deliveries from its own forest and externally acquired wood raw materials, increased to SEK 1,925 million. Prices increased by 9% on average and total delivery volumes were down by 10%. The sales of wood raw materials amounted to 5.5 million cubic metres whilst deliveries of seedlings have increased.
2Q 2019 operating profit decreased by 15% to SEK 323 million ($33 million). The positive effect of higher prices has been counteracted by lower volumes. Costs for harvesting and forest management have increased. Income from other property transactions is also down. The increased sales of seedlings have affected the result positively.
1 January – 30 June 2019 net sales increased by 8% to SEK 3,849 million.
1H 2019 operating profit increased by 7% to SEK 832 million ($85.3 million). Higher prices are partly offset by lower volumes from own forest. Costs for harvesting and forest management have increased. Income from other property transactions is also down.
Sveaskog is Sweden’s leading forest company and sells sawlogs, pulpwood, biofuel, forest seedlings and silvicultural services.