STOCKHOLM, April 27 Sweden's SCA,
which is preparing a split into two firms, posted on Thursday a
slightly bigger adjusted quarterly operating profit than
expected for its hygiene operations but an unexpected drop in
operating profit for forest products.
Operating profit before items affecting comparability for
the hygiene products business grew to 2.90 billion crowns ($331
million) from a year-ago 2.71 billion, against a mean forecast
in a Reuters poll of analysts of 2.85 billion.
Operating profit for the forest products business shrank to
498 million crowns from 533 million, against an expected
increase to 566 million.
SCA said preparations for the spin-off and listing in
Stockholm of the hygiene business, under the name Essity, are
proceeding and it aims for the two companies to start trading
separately in June.
SCA separately announced new targets for the hygiene
business, of annual organic growth above 3 percent and adjusted
return on capital employed of above 15 percent.
($1 = 8.7680 Swedish crowns)
(Reporting by Anna Ringstrom and Helena Soderpalm)