Operating profit/loss for 2008 was 95 859 tsek (857 715 tsek, 18 months). The decreasing result is mainly due to falling prices on structural timber. Two larger investments have been made during the year; A new planing mill in the sawmill in Vislanda and a new sawline in the sawmill in Hjältevad, in total 250 000 tsek. The solidity reaches 38% (38%). The solidity is affected negatively by a higher stocklevel of timber than normal.
Timber
The producton and the deliveries of structural timber reached all time high during 2008. The production reached 1 070 000 m3 (1 066 000 m3). The supply of rawmaterial has been very good partly due to the fact that the termination of the timberstorage from the storms Gudrun and Per has been carried out at a high speed. The quality of the stored timber from the storm is still good. The cost of running the storage terminals amounted to 63 591 tsek (60 500 tsek ).
Under the present circumstances all sawmill plants will be producing at full capacity during 2009.
Energy
The market for bioenergy as well as pellets and chips has been good and the plants have been run at full capacity during the period.
Packaging
The demand for recyclable packaging decreased drastically during the Autumn while the market for one way packaging and cabledrums has been on an acceptable level. Production has been cut by 20% during 2008. Further reductions can not be excluded.
Paper
The result and production is neither on a sufficient level. The trend is going in the right direction with increasing marketshares and a steadily improved production. A number of important customers have during the latter part of the year choosen VIDA Paper as its main supplier. The full effect of new orders will be seen during 2009.
Future
The VIDA group is well prepared for a continuous recession. Level of production as well as deliveries has stayed on a high level during the beginning of 2009 at the same time as costs for the timber terminals has decreased drastically. Production and deliveries are expected to continue at a high level during the rest of 2009. However it is difficult to form an overall picture of the outcome of the current financial crisis and the recession.
Operating profit/loss per BU 2008 2007 (18 months)
Timber 111 739 858 816
Energy 21 047 30 038
Packaging 7 551 13 322
Paper -29 529 -21 630
VIDA group-wide -14 949 -22 831
Total 95 856 857 715
Profit and loss statement
Turnover 3 701 000 5 585 897
Operating profit/loss 95 856 857 715
Profit/loss after financial items 15 313 784 611
The annual accounts has not yet been finally audited by the companys accountants.
For further information please contact CEO, Santhe Dahl +46 70-5513055 or Head of Corporate Communications, Lotta Fonsell, +46 70-2275567 .
