Rörvik Timber writes a pressrelease about their right issues - but in the pressrelease they write it is not for distribution in USA, Canada, Japan, Hong Kong, New Zeeland, South Africa or Australia. Have not the management team in Rörvik Timber heard about Internet and automatic translation programs?
Try this link to read the Swedish press release in English : Read more
PIGS countries and BRIC countries...Currency turmoil is evident in the world. We are currently facing a full blown EU crisis in the PIGS countries (Portugal, Italy, Greece and Spain). Unfortunately the currency market is not working properly and there have been several initiatives. But how will it look 40-years from now?
The concern is evident in Greece that more and more turns like a greek tragedy. Public debt was 130% of GDP and it is obvious that Greece had manipulated government statistics to get themselves out of trouble! The Greek Prime Minister Papandreou has this week tried to reassure the international concern through the frozen wages, higher taxes and deteriorating pension conditions. If I understand things right they will program will be 9% of GDP over 3 years. Read more
Forest group Stora Enso reported a profit of 80.6 million euros for the fourth quarter. During the same period in 2008 was there a loss of 846 million euros.
Analysts had very wrong about the outlook from Stora Enso. Stora Enso reports a profit before tax of 123 million euros (28) for the fourth quarter of 2009. An analyst poll was expected that this figure would stop at 70 million. It would appear that as the largest newsprint producers will not see the image too bright for Stora Enso. Falling newsprint prices and raw material prices starting to move up is not particularly funny and tools like Ipad beginning to appear not directly improve the situation.
Interesting is that 15% of its turnover comes from the pellet thus it is quite important that these activities are going well. Pellets are made of by-products from sawmills. Production takes place in an integrated, all-new Stora Enso plants. In order to minimize unnecessary transport. Read more
The paper manufacturer Holmen reports a profit before tax of 332 million SEK in the fourth quarter (195) in the interim report. This was slightly better since analysts expected to present a pre-tax profit of 307 million SEK for the fourth quarter,according to a compilation of 13 analysts' forecasts SME Direkt also compared with 195 million the same quarter last year.
The share rose 2.25 after the report was released. Pulp prices have in recent months has reached a historic high (U.S. $ 820/ton) and continues to rise week by week. The staff reduction of 100 persons in progress at Holmen's mills in Braviken expected to have its full impact on the costs towards the end of 2010. Read more
Analyst L. Kjellberg of Credit Suisse continues to be negative to the newsprint market and lowers the recommendation of Norske skog to under perform from neutral Tuesday. At the same time lowered price target from 10.9 NOK to 8.30 NOK in advance of the company's report on Thursday. The European newsprint prices fell nearly 20 percent in 2010 contracts from Credit Suisse estimates of a drop of 11 percent.
http://www.hegnar.no/bors/article408807.ece
Forest company Rottneros makes zero profit in the fourth quarter. The company believes in higher paper prices during the beginning of 2010.
The current year looks relatively positive for the company according to Analyst Leif Pettersson at net magazine placera.nu and his stock recommendation goes from increase to neutral. The company is sensible with its cost because of the level of current uncertainty. Rottneros is dependent on a weak Swedish currency and furthermore lacks the woodland which makes the company sensitive to price increases.
The divestment of the Spanish operations of the loss-making pulp mill Miranda has been stopped and the production decreased with 200 000 tonnes. Rottneros has now a total production capacity of nearly 400 000 tonnes of pulp per year at two factories in Sweden. A forum on net trading company Avanza speculates that the sale of Rockhammar mill was forced by the banks. Read more
Year end results 2009 for Swedish companies
Upcomming reports for year end results 2009
2010-02-02 Rottneros
2010-02-04 Holmen
2010-02-04 Stora Enso
2010-02-11 Billerud, will be available on the Internet 14.00 CET
2010-02-25 Rörvik Timber AB
2010-04-15 Bergs Timber
2010-04-22 Rottneros Read more
The initiator of the Appeal is the organization Protect the Forest and the motives is to Adopt a new area objective for the period 2010-2020, which is in line with leading nature conservation science. They also want to increase the budget allocated to forest protection for the period 2010-2020 to the level needed for long-term conservation of forest biodiversity.
Other motives are:
Favor a greater variety of forest management methods in the 80 percent of the productive forest land, which is still being managed. Read more
Year end report Sveaskog
Year ended on a strong note with increased sales. Good demand for wood raw material, primarily sawlogs and biofuel, with rising prices. The pulp industry accounts for the most positive development with rising order bookings and expectations of higher prices in the future as well. Pulp prices have risen in recent months partly due to a sharp rise in demand, primarily from the Chinese market.
Read more
SCA's report received a negative reception in the stock market. B shares had, dropped by 6.3 percent to SEK 96:50 at the end of the day.
Read more
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