Operating profit for January–September 2017 was SEK 1 745 million (January–September 2016: SEK 1 583 million excluding items affecting comparability). The improvement in earnings was due to higher wood product prices and better earnings from forests. Compared with the second quarter, operating profit increased by SEK 68 million to SEK 593 million, mainly because second-quarter earnings were negatively affected by a maintenance shutdown. Profit after tax for January–September amounted to SEK 1 336 million (982), which corresponds to earnings per share of SEK 15.9 (11.7). Return on capital employed increased to 9.4 (8.4) per cent. Cash flow was strong during the year. A dividend of SEK 1 008 million has been paid while net financial debt decreased by SEK 360 million.
CTI Paper USA has signed a letter of agreement to donate 1% of gross sales of its new durable papers and synthetics brand, DurillaTM, to The Dian Fossey Gorilla Fund International. The Fossey Fund directs money, human and scientific resources to the conservation and protection of gorillas and their habitats in Africa.
CTI Paper’s illustrated Durilla mascot is inspired by the Silverback Mountain Gorilla of Central Africa. “We wanted to find a way to commit a portion of our product sales to directly benefit gorilla protection and conservation,” said John Kelly, president of CTI Paper USA.
The company’s research showed that the Fossey Fund had the strongest and most comprehensive impact, together with a 49-year track record in Central Africa. Longtime Fossey Fund trustees include Sigourney Weaver, Larry Ellison, Christian Bale and Gilbert Grosvenor.
“Because of its low fundraising and administrative costs, the Fossey Fund ensures that donations have the maximum intended benefit to gorillas, their habitats and local people,” Kelly said. “That’s important to us and to our customers.”
All Durilla papers are certified by the Forest Stewardship Council (FSC), which promotes responsible management of the world’s forests.