Positive financial performance Sweden’s Södra Group has reported net sales of SEK 8.953 billion (€836.8 million) for the second quarter of 2022, an increase of 23 percent compared with the same period a year earlier.
“The second-quarter result reflects the favourable market conditions, with strong demand and highly favourable prices for Södra’s core products, primarily pulp. In addition, Södra’s mills delivered high production volumes with stable quality and Södra Cell, for example, increased both production volumes and outbound deliveries during the period,” the company said in a statement.
Södra Group said that, in the April-June 2022 period, the firm’s operating profit totalled SEK 2.325 billion which represented the highest quarterly result for the company to date.
“The result is gratifying for us and for Södra’s 52,000 members. Price levels for our core products have been favourable for a long time and the production volumes of our mills have been high. Combined with the hard work of Södra’s members and employees, this led to a strong result for the second quarter of 2022,” said Lotta Lyrå, the president and CEO of the company.