Annual Report 1998

18
Packaging
ACQUISITIONS AND INCREASED PROFITABILITY IN EUROPE
SCA increased profitability in its European operations
and acquired packaging companies in Great
Britain, Denmark and the Czech Republic.
Key ratios 1998
Group
share % 1997
Net sales (SEK M) 15,035 25 14,282
of which, intra-Group 275 254
Operating profit (SEK M) 1,480 23 1,196
Operating margin (%)
Operating cash
10 8
flow (SEK M)
Capital employed
1,778 26 1,502
excl. goodwill (SEK M) 11,499 24 10,790
Return (%)
Capital expenditures
(SEK M)
13 11
– strategic 512 23 191
– current 510 25 668
Average no. of employees 9,895 31 9,793
Production capacities shown on page 75.
Net No. of
Net sales and sales, SEK M employees
number of employees 1998 1997 31 Dec. 1998
Corrugated board 11,614 10,421 8,066
Containerboard 6,227 6,005 1,815
Other, incl. intra-Group
deliveries –2,806 –2,144* 185
Total 15,035 14,282 10,066
* Includes Cochis, SEK 743 M.
Production and deliveries
Change
Produced volumes 1998 1997 %
Corrugated board (m 2) 2,820,500 2,726,700 3
Kraftliner (tons) 666,000 702,000 –5
Testliner (tons) 1,502,000 1,539,000 –2
Change
Deliveries 1998 1997 %
Corrugated board (m 2) 2,859,000 2,783,800 3
Kraftliner (tons) 670,000 689,000 –3
Testliner/fluting (tons) 1,493,000 1,476,000 1
of which, intra-Group* 1,448,000 1,461,000 –1
* pertains to kraftliner/testliner
PRODUCTION FACILITIES
Corrugated board
Production of corrugated board packaging in Belgium,
Denmark, France, Germany, Great Britain, Hungary,
Ireland, Italy, the Netherlands, Poland, Sweden and
Switzerland. Minority holdings in plants in the Czech
Republic, Portugal, Singapore, Spain and Turkey.
Containerboard
Production of testliner and kraftliner in Sweden (Obbola
and Munksund). Production of testliner/fluting in
Germany (Aschaffenburg and Witzenhausen), Great
Britain (New Hythe), Italy (Lucca and Castelfranco), the
Netherlands (De Hoop), Switzerland (Oftringen) and
minority holdings in plants in Turkey (Izmir).