SCA’s performance momentum of 2015 has so far continued, despite aggravating emerging market concerns. The strong Q2 15 results (ahead of consensus estimates) emanated from all business segments. Sales came in at SEK29bn (+13% yoy, +5% organic growth), with most of the organic growth originating from emerging markets (+12% growth; 33% of total sales) versus relatively muted mature market growth (+2%). A combination of higher volumes (particularly in forest products, +6%) and prices (par
17 Jul 2015
Despite all scepticism, emerging markets continue to deliver
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Despite all scepticism, emerging markets continue to deliver
Svenska Cellulosa AB SCA Class B (SCA:STU) | 0 0 0.5% | Mkt Cap: 55,579m
- Published:
17 Jul 2015 -
Author:
Varun Sikka -
Pages:
3
SCA’s performance momentum of 2015 has so far continued, despite aggravating emerging market concerns. The strong Q2 15 results (ahead of consensus estimates) emanated from all business segments. Sales came in at SEK29bn (+13% yoy, +5% organic growth), with most of the organic growth originating from emerging markets (+12% growth; 33% of total sales) versus relatively muted mature market growth (+2%). A combination of higher volumes (particularly in forest products, +6%) and prices (par