Europe’s Nordic forestry giants deliver good results despite tough environment

The third quarter of 2024 brought mixed results for Northern European forestry giants, as companies managed varied performances across segments like pulp, timber, and renewable energy. Rising timber costs and a weaker global construction market played significant roles in shaping the quarterly outcomes, while some firms benefitted from robust demand for pulp and efficient cost control. SCA reports impressive gains in revenue and profit SCA achieved notable growth in Q3, with a 22% rise in sales, totaling SEK 5.2 billion. The company’s EBITDA surged by 42% to reach SEK 2 billion, resulting in an impressive EBITDA ...