Profit and loss statement from the VIDA Group

Operating profit/loss for 2009 was 112 730 tsek (91 281 tsek). The improvement of the result is due to increased prices for sawed wooden products. The business area, Timber, Energy and Paper have had a positive development during the year while the market for Packaging heavily has deteriorated. The financial strength equity for the VIDA Group, amount to 44% (36%).

Timber

The production and shipping of sawed wooden products where continuously strong during 2009. The production where amount to 1 051 000m3 (1 060 000m3). The market for sawed wooden products was weak in the beginning of the year but recovered strongly during the second half. The raw material situation has been very good during the year with a strong inflow of timber to all of our facilities. The raw material supply is secured for the whole of 2010. All of our facilities show a positive result.


Energy
The market for crude as well as fuel pellets and chip packaged have been good during the year. The facilities have been able to produce with full capacity.


Packaging
The market for disposable and returnable package faced a strong decline which has lead to heavy production reductions. A weak recover can be seen and any new production restrictions are not planned at the moment. The production has been adjusted to a lower level simultaneously as there is capacity to rapidly increase when the market turns. Despite a weak 2009 the company sees in long term, positively on the market for wood packaging products. The business has during the year been charged with high restructuring costs which has had a negative effect on the result.


Paper
The result and the production are still not at a satisfied level. However, there is a tendency towards increasing market shares and better production. The many investments which have been made in the company the last few years are now starting to pay off both in production capacity and profitability. Paper has during the recent half year shown a positive result which also the forecast for 2010 shows.


Future
The VIDA Group has consistently well invested facilities and also a well functional purchase and sales organization. The purchase organization will during 2010 also be strengthened by 15 purchasers to further secure the supply of raw material in the future. VIDA has good expectations in the coming year 2010 with at least maintained production and sales within all business areas. VIDA therefore is well armed to further strengthen our position as a leading actor within the forest industry.


Operating profit/loss per BU 2009 2008
Timber 140 105 110 558
Energy 35 100 21 027
Packaging -35 090 4 174
Paper -5 962 -29 529
VIDA-group-wide -21 993 -14 949
Total 112 730 91 281
Profit and loss statement
Turnover 3 567 300 3 642 153
Operating profit/loss 112 730 91 281
Profit/loss after financial items 81 256 18 595

The annual accounts have not yet been finally audited by the company´s accountants.

For further information please contact CEO, Santhe Dahl +46 70-5513055 or Head of Corporate Communications, Lotta Fonsell, +46 70-2275567