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SCA Posts 3Q Results

October 29, 2009

SCA reports net sales from January to September increased.

SCA reported that net sales for the nine months from January to September rose 1% from the same period a year ago to $12 billion. Profit before tax, excluding restructuring costs was $841 million.Profit for the period, excluding restructuring costs was $614 million.

Operating profit rose 5% for the first nine months of the year and 26% for the third quarter compared with a year ago. Earnings from SCA’s hygiene business improved significantly during the third quarter compared with a year ago with tissue up by 74% and personal care up by 10%.

“A better product mix and stronger margins along with synergy effects in the European tissue operations contributed to this. Margins for our baby diapers have increased compared with a year ago. Campaign intensity remains high in all categories,” said Jan Johansson, SCA’s president and CEO.