Södra posts lower result due to deteriorating market conditions

Swedish group Södra posted a lower result for the second quarter of 2023. The report reflects the deteriorating market conditions for the company's main products. During the reporting period, Södra Group's net sales amounted to 626.89 million euros, compared to 766.53 million euros a year earlier. Operating profit amounted to 39.73 million euros, a year earlier - 199.06 million euros, which corresponds to an operating margin of 6%, a year earlier - 26%. The result of the second quarter is a consequence of the downturn in the market, which led to lower prices ...