Operating profit for 2015 was SEK 1 700 million, excluding items affecting comparability (2014: SEK 1 734 million). Earnings were negatively affected by price decreases for printing paper and sawn timber, as well as a number of significant rebuilding and maintenance shutdowns. This was largely offset by a weaker Swedish krona, good production and cost rationalisations. Compared with the third quarter, operating profit decreased by SEK 117 million to SEK 376 million as a result of a significant maintenance shutdown at Iggesund Mill. Operating profit for 2015 after items affecting comparability amounted to SEK 769 million (1 284). Operating profit for the fourth quarter was negatively affected by SEK 931 million in items affecting comparability relating to impairment losses on non-current assets, provisions for costs and the effects of a fire.
Catalyst Paper has permanently shut down Paper Machine No. 9 at the Powell River mill. Paper Machine No. 9 has been indefinitely curtailed since Dec. 2014. Catalyst continues to focus on revitalizing the Powell River mill for the future.