After three consecutive quarters of organic growth decline (‘nil’ in Q3 16), management would have taken a sigh of relief when SCA posted 2% organic growth during Q4 16. Although, compared with the earlier years, the growth (2% in 2016 vs. average 4% since 2012) was clearly below potential. Besides the Q4 surprise, overall growth pressure was evident Q4 sales were SEK31bn (+6% yoy and qoq; 2% organic growth), primarily driven by Tissues (4% organic growth), especially in emerging
31 Jan 2017
Q4 – mixed performance; 2017 – crucial year
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Q4 – mixed performance; 2017 – crucial year
Svenska Cellulosa AB SCA Class B (SCA:STU) | 0 0 0.5% | Mkt Cap: 55,579m
- Published:
31 Jan 2017 -
Author:
Varun Sikka -
Pages:
5
After three consecutive quarters of organic growth decline (‘nil’ in Q3 16), management would have taken a sigh of relief when SCA posted 2% organic growth during Q4 16. Although, compared with the earlier years, the growth (2% in 2016 vs. average 4% since 2012) was clearly below potential. Besides the Q4 surprise, overall growth pressure was evident Q4 sales were SEK31bn (+6% yoy and qoq; 2% organic growth), primarily driven by Tissues (4% organic growth), especially in emerging