International Paper reported preliminary full-year 2011 net earnings attributable to common shareholders totaling $1.3 billion ($3.07 per share) compared with $644 million ($1.48 per share) in full-year 2010. In the fourth quarter of 2011, the company reported net earnings of $257 million ($0.59 per share) compared with $316 million ($0.73 per share) in the fourth quarter of 2010. Amounts in all periods include special items. “Margin expansion across our global operations, as well as growth in emerging markets, contributed to a solid fourth quarter and drove IP’s performance throughout 2011,” said John Faraci, Chairman and Chief Executive Officer.
Holmen lower than expected. Holmen's profit after tax for 2011 was SEK 3 955 million (2010: SEK 704 million). The result includes a positive NRI related to a revaluation of the company's forest holdings.
Excluding items affecting comparability: Q4 2011 + SEK 3 539 million due to revaluation of forest. Analysts had expected a profit of 4 047 million SEK, including special items, according to SME Direkt summary before the report. Demand in Europe for printing paper, paperboard and sawn timber remained weak in the fourth quarter. Q4 2010 net + SEK 264 million. Profit after tax for 2011 was SEK 3 955 million (2010: SEK 704 million).
Avery Dennison Corporation (NYSE:AVY) today announced preliminary, unaudited fourth quarter and full-year 2011 results. All non-GAAP financial measures are reconciled to GAAP in the attached tables. Unless otherwise indicated, the discussion of the Company’s results is focused on its continuing operations.
“Despite the challenges of softening volumes and inflation in 2011, we increased operating income before restructuring costs, and generated nearly $300 million of free cash flow,” said
Dean Scarborough
, Avery Dennison chairman, president and CEO.
China is now the world’s largest importer of softwood lumber and logs despite a slowdown in imports during the 4Q/11, reports the Wood Resource Quarterly. Reduced activities in the housing construction sector in China decreased importation of softwood logs and lumber in late 2011, reports the Wood Resource Quarterly. Despite the decline in the 4Q, total imports during 2011 reached a record high, making China the largest importer of logs and lumber in the world.
Net sales decreased by 1% (increased by 4% excluding exchange rate effects and divestments) to SEK 105,750m (106,965). SCA's performance was one percent higher than expected by the analysts in SME Direkt survey and A-shares shares rose 2.23 percent and raised the dividend.
Operating profit excluding items affecting comparability decreased by 4% (unchanged excluding exchange rate effects) to SEK 9,224m (9,608) Items affecting comparability, write-downs of goodwill, restructuring costs, etc., amounted to SEK 5,676m (931) Earnings per share, including items affecting comparability, were SEK 0.78 (7.90) Cash flow from current operations was SEK 6,383m (7,399) The Board of Directors proposes an increase in the dividend by 5%, to SEK 4.20 (4.00) per share
An agreement was reached after year-end to divest SCA’s packaging operations, excluding the kraftliner operations. Net sales and operating profit for these operations, excluding items affecting comparability, amounted to SEK 24,413m (24,234) and SEK 1,486m (1,113), respectively, corresponding to earnings per share of SEK 0.73
In November 2011 and January 2012 SCA announced two major transactions. In November a binding offer was made for Georgia-Pacific’s European tissue operations, and in January 2012 the divestment of SCA’s packaging operations, excluding the two kraftliner mills in Sweden, was announced. Together these two transactions will entail major synergies, lower sensitivity to economic swings and gradually higher earnings per share.
B.C. Lumber Exports To China Exceed $1Billion In 2011; Up 200 % From 2009 according to an article in Huffington Post.
.
Stora Enso will record non-recurring items (NRI) with a negative impact of approximately EUR 21 million on operating profit and a negative impact of approximately EUR 10 million on financial items in its fourth quarter 2011 results. The NRI will have a negative cash impact of EUR 20 million.
SCA’s packaging operations – excluding the two kraftliner mills in Sweden – are divested to DS Smith. The purchase price amounts to EUR 1.7bn on a debt free basis according to a pressrelease from the company. SCA's shares rose sharply after the announcement of the deal. “The company will now be streamlined towards sanitation and hygiene products. The reason for the divestment is primarily to enable increased growth in the hygiene business”, says Jan Johansson, President and CEO of SCA. He also said that the deal means increased opportunities for strategic acquisitions in the hygiene area.
Norske Skog has signed a long-term energy contract with NTE (Nord-Trøndelag Elektrisitetsverk) for the supply of electricity for the paper mill at Skogn.
The new agreement, together with an agreement that was signed with Statkraft last year, secures Norske Skog Skogn sufficient energy for full operation of the mill. The agreement has been entered into on commercial terms and has a duration of 7 years from 1 January 2012. The new agreement with NTE ensures supply of 0.4 TWh per year until 31.12.2018.
Forest machinery manufacturer Komatsu Forest, with headquarters and manufacturing facilities in Sweden, has signed an agreement with Eldorado Brazil - a pulp mill in Brazil. The whole deal is worth about 1.4 billion SEK reports P4.The agreement covers delivery of a total of 120 machines, including a larger number of Komatsu excavators manufactured in Brazil are equipped with harvesting heads.
Follow us online! Twitter: twitter.com/timbercommunity