Reuters logo
UPDATE 1-SCA shares rise after Q3 tops forecast​
October 31, 2017 / 8:12 AM / a month ago

UPDATE 1-SCA shares rise after Q3 tops forecast​

(Adds shares, changes to Q3 figures)

Oct 31 (Reuters) - Swedish forestry group SCA AB reported third-quarter operating earnings well above market forecasts on Tuesday, citing continued strong demand and price increases and sending its shares higher.

* Q3 operating profit 776 million SEK ($93 million) vs year-ago 581 million, and ahead of a 652 million mean analyst forecast in a Reuters poll

* Q3 net sales 4,231 million SEK vs 3,769 million in year-ago period and mean forecast for 3,942 million

* SCA shares rise 5.3 pct at 0808 GMT

* Says ‍market conditions are good in all of SCA’s segments, with favorable demand and continued price increases

* Above forecast earnings in all divisions, with biggest beat in Paper business​ Source text for Eikon: ($1 = 8.3588 Swedish crowns) (Reporting by Johannes Hellstrom; editing by Niklas Pollard)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below