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Operating loss at Holmen Timber due to slack demand

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Published in issue 48/2015
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The Swedish company Holmen Timber AB of Iggesund, which covers the timber business of Holmen AB of Stockholm, closed the third quarter with an operating loss of -SEK10m as a result of slack demand and correspondingly lower lumber prices; the division had generated a profit of SEK16m in the same quarter of last year. ...

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