Södra sees supply and demand fall due to the outbreak of COVID-19
Despite dramatically changed conditions in the wake of the COVID-19 pandemic, production rates at Södra’s facilities remained high and stable in the first quarter. Sales amounted to SEK 5,576 million (6,318). Operating profit for the quarter totalled SEK 227 million (1,148). At the end of the quarter, cash and cash equivalents and current investments amounted to SEK 2,627 million (1,527) and the equity ratio was 60 percent. “In the wake of the ongoing global spread of COVID-19, conditions changed dramatically towards the end of the first quarter. Södra ...
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