Net revenue was SEK 12,436 million (EUR 1,41 million), which represents a drop of 4%. This drop is primarily due to a fall in sales of electricity certificates and the closing of the CTMP mill at Follafoss, Norway. Operating profit, excluding restructuring costs, rose by SEK 780 million compared to the same period last year and totalled SEK 190 million. At the same time costs have decreased by 9%.

“We can see that our markets continue to be characterised by the weak economy and the strong Swedish krona. Despite this, our earning capacity grew over the year. The change when looking at the trend over recent months is particularly evident. Operating profit, excluding restructuring costs in the third quarter of this year, was SEK 221 million. This is SEK 608 million above the same period last year,” commented Lars Idermark, Group President and CEO at Södra. “An important factor in the improvement in earnings was the savings and efficiency measures that have been implemented, which total more than a quarter of a billion kronor to date this year,” he continued.