Nordic forestry giants feel the impact of Covid-19 on 2020 results

Nordic forestry giants feel the impact of Covid-19 on 2020 results
    Forestry giants in Northern Europe, Stora Enso, UPM and SCA, have felt the impact of the coronavirus crisis on their financial results for 2020, with a significant drop reflected in sales.    SCA's net sales fell 6%    The Swedish forestry company SCA reports declined sales during 2020. Net sales declined 6% to SEK 18,410m (19,591).The fall in sales was mainly related to lower selling prices, which was partly offset by higher delivery volumes.    EBITDA amounted to SEK 3,393m (21,361 ...

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