SCA's Results Indicate That 2018 Could Be A Good Year For The Packaging Sector: Analysis
It's been quite a year for packaging materials firm Svenska Cellulosa Aktiebolaget, known colloquially as SCA.
Last April, the company announced arguably the biggest restructuring in its history, with the spin off of its hygiene and personal care business into a wholly separate entity, Essity, while during the summer, it appointed a new CEO, Ulf Larsson, and announced that an expansion project at the Östrand pulp mill looks set to increase bleached kraft-pulp capacity from 430,000 to 900,000 tonnes per year, following a significant investment.
This week, it capped the year off with the announcement that its full year net sales for the year (January 1 to December 31) increased 8% to SEK 16.7 billion (€1.71 billion), with net profit up 6% to SEK 1.87 billion (€190 million).
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