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– The timber division of the Swedish Holmen AB, Stockholm, was confronted by an operating loss of SEK38m in the second quarter of 2011. This situation resulted from commissioning costs and write-offs in connection with the new sawmill in Braviken as well as a consistently weak lumber market with too low sales prices and consistently high roundwood prices. In the comparative quarter last year the business had generated operating profit to the amount of SEK11m. This included write-offs to the amount of SEK31m (April-June 2010: 7m). The EBITDA dropped to -SEK8m (19m). Turnover was increased to SEK221m (150m). Lumber production increased in the second quarter to 140,000m³ (77,000m³). This increase is due in part to commissioning of the sawmill in Braviken. Deliveries increased to 123,000m³ (71,000m³).
In the first six months turnover increased to SEK372m (Jan.-June 2010: 277m). The EBITDA, by contrast, deteriorated by comparison with the previous year to -SEK16m (+33m) and the operating profit also dropped to -SEK65m (+18m). The lumber production increased to 251,000m³ (144,000m³). This increase ensued exclusively from the new sawmill in Braviken, which produced 108,000m³ of lumber. Deliveries increased to 201,000m³ (134,000m³); of this quantity 62,000m³ came from Braviken. In the second half of the year production is expected to increase to reach a total of 310.000m³ of lumber over the entire year. For 2012 a production volume of 500,000m³ and for 2013 of 550,000m³ is planned.
The business of the Skog forestry division was again, as already in the first quarter, influenced by lively demand for industrial timber and a marginal increase in prices. The demand for sawlogs declined somewhat, although prices remained stable. Operating profit dropped to SEK178m (April-June 2010: 214m). With turnover amounting to SEK1.594bn (1.441bn), an operating margin of 6% (7%) was achieved. Felling in group forests declined to 792,000m² (882,000m²). In the first six months turnover in the Skog division increased to SEK3.29bn (Jan-June 2010: 2.849bn). The operating profit was recorded at SEK399m (403m). Cutting dropped to 1.456m m³ (1.525m m³).
Turnover in the paper business division increased to SEK4.385bn (3.937bn) in the first half year as a consequence of increasing selling prices for newspaper print and magazine papers as well as slightly higher sales quantities. The division generated operating profit to the amount of SEK127m, whereas last year a loss of SEK348m had been recorded. Paper production increased to 862,000t (847,000t) and deliveries increased to 845,000t (840,000t).
Although business of the cardboard manufacturer Iggesund Paperboard was influenced by a decline in demand at the end of the second quarter, turnover in the first six months increased to SEK2.597bn (2.333bn). The operating profit amounted to SEK482m (344m).
Turnover throughout the entire group increased to SEK9.508bn (8.628bn). The operating profit increased to SEK1.05bn (588bn) and the accounting income increased to SEK672m (312m).
31.08.2011
Roundwood/Sawnwood
- Prices for eastern Siberian larch lumber remain largely stable in August despite holiday season
- 10 % reduction registered in Russian lumber exports
- Felling in Russia in July 2011 lower than in June
- Northwest Russian spruce lumber continues to lose market shares within Central Europe
- Latvian roundwood exports increased by as much as 26.1%
- Felling practically no longer hampered by forest fires
- Finland: Growth recorded in softwood lumber output until June
- United Business Media takes over Ecobuild
- Finland: Log deliveries still below last year‘s level
- Softwood lumber shipments down in North America in the second quarter
- Further growth in softwood lumber output until March
- Brisk demand for logs keeping price situation largely stable in Austria
- Hardwood lumber markets in UNECE revived slightly in 2010
- Lumber exports recovered in second quarter 2011
- Structural panels production declined again in Q2
Wood products
Wood-based panels
- Latvian plywood exports still higher than this time in 2010
- Demand for radiata pine plywood bounces back slightly after summer holidays end
- FFIF: Finnish plywood output grew again
- North American OSB manufacturers enjoy significant increase in exports
- North American composite panels producers‘ capacity utilisation rates stay low
- Slowdown in deliveries continued in second quarter
- GreCon wood-based panels seminar in Hanover
- Demand for MDF/HDF has undergone slight post-holiday revival since mid-August
- IHD Dresden holding ninth wood-based panels colloquium
- Summer reductions push OSB prices below last year‘s level again
- Slump in German particleboard exports persists
Furniture
- Demand for bathroom furniture remained brisk in July/August
- Fittings manufacturers anticipate possible renewed downturn in export markets
- VdDK members‘ order value up 5% in first half-year 2011
- Kitchen furniture industry sales 6% up on last year until June
Building products
Construction
- Housing construction again shows satisfactory trend
- Japan: Residential building increases by 5.8 % in June
Trade
Companies
- Lammhults: Office furniture segment improves turnover
- Slovenian furniture producer Javor Pohištvo bankrupt
- Javor Group: Another subsidiary files for bankruptcy
- Alno granted initial loan of €3m by Müller‘s Comco
- Forte enjoys strong growth in Q1 revenues and profits
- Eggerath: Business operations continue with work force of 60
- Kinnarps Deutschland bundles production in Worms
- Looser: Results forecast for 2011 corrected downwards
- Klostermann Küchen still up and running for time being
- Lowe’s: Turnover and result stabilising again
- Home Depot recovers again in the second quarter
- BlueLinx: Downward trend continues in Q2
- Temple-Inland: Timber business continues to operate at a loss
- IP: Take-over offer now extended until September
- Metsäliitto: Paper activities impose a strain on result
- Start-up in Braviken imposes strain on Holmen result
- Kurekss new sawing line starts up in fourth quarter
- Södra: Fire causes stop in production at Mönsterås
- Lafarge divests itself of gypsum operations in Asia
- Delignit: Results back in the black in first half of 2011
- Rougier books slowdown in revenue growth
- Pfleiderer Grajewo improves result again
- Gascogne records increased turnover in the first half year
- Uzin Utz shows further growth in turnover and result
- Roseburg to close two plants in South Carolina
- Resopal improves turnover by 17% in first six months
- Raute back in the black in the second quarter