|Bid||146.95 x 0|
|Ask||147.10 x 0|
|Day's Range||144.70 - 147.25|
|52 Week Range||73.56 - 151.90|
|Beta (5Y Monthly)||0.53|
|PE Ratio (TTM)||7.84|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Mar 21, 2019|
|1y Target Est||94.00|
NEW YORK, NY / ACCESSWIRE / October 30, 2020 / Svenska Cellulosa AB (OTC PINK:SVCBF) will be discussing their earnings results in their 2020 Third Quarter Earnings call to be held on October 30, 2020 at 10:00 AM Eastern Time.
Hans Djurberg has been appointed SCA's new Sustainability Director. He will be responsible for the corporate sustainability agenda in parallel to his assignment as Sustainability Manager in business area Forest. Hans will take on his new position as of November 1 2020.
The publication paper market has been structurally declining for a long time and SCA decided in September to discontinue publication paper operations at the Ortviken industrial site. The production will be phased out during the first quarter of 2021. The discontinuation resulted in one-off items with a negative effect on EBITDA of SEK -1,120m. The company is investing in an increased production of chemical thermomechanical pulp (CTMP). Production will increase from the current 100,000 tonnes to 300,000 tonnes per year and will be moved from Östrand to Ortviken