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Companies in the timber industry / Daily News / Global Trends / Market Analysis / Wood Industry Prices / Forestry / Lumber / Price analysis and info / Pulp & Paper / Sawmilling / Wood Products / Europe / Global
February 8, 2021

Nordic forestry giants, Stora Enso, UPM and SCA feel the impact of Covid-19 on 2020 results

Nordic forestry giants, Stora Enso, UPM and SCA feel the impact of Covid-19 on 2020 results
Forestry giants in Northern Europe, Stora Enso, UPM and SCA, have felt the impact of the coronavirus crisis on their financial results for 2020, with a significant drop reflected in sales.    SCA's net sales fell 6%    The Swedish forestry company SCA reports declined sales during 2020. Net sales declined 6% to SEK 18,410m (19,591).The fall in sales was mainly related to lower selling prices, which was partly offset by higher delivery volumes.    EBITDA amounted to SEK 3,393m (21,361). The difference was mainly ...

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