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Magazine paper
Operating profit was EUR 346.9 (EUR 399.4) million, a decrease of EUR 52.5 million or 13% on 2000 resulting from lower volumes, mainly in coated papers. Curtailments necessitated by lower order volumes caused lower productivity and higher relative costs.
Newsprint
Operating profit was EUR 508.8 (EUR 268.3) million, an increase of EUR 240.5 million or 90% mainly attributable to higher sales prices and somewhat lower recycled paper prices.
Fine paper
Operating profit was EUR 394.5 (EUR 688.8) million, a decrease of EUR 294.3 million or 43% mainly related to both lower sales prices and market-related curtailments.
Packaging boards
Operating profit was EUR 346.2 (EUR 441.3) million, a decrease of EUR 95.1 million or 22% due to lower sales volumes and higher fixed costs only partially offset by higher sales prices. Curtailments during the year and rebuilds at the end of the year adversely affected the results.
Timber
Operating profit was EUR 12.6 (EUR 73.3) million, a decrease of EUR 60.7 million or 83% primarily due to lower sales prices.
Merchants
The operating result was EUR -7.2 (EUR 9.9) million, a decrease of EUR 17.1 million or 173% as a result of lower volumes and sales prices, combined with a weak performance in the UK.
Forest
Operating profit was EUR 88.1 (EUR 115.3) million, a decrease of EUR 27.2 million or 24% primarily due to lower volumes caused by paper mill curtailments and the effect of the lower Swedish krona.
Other
Operating losses amounted to EUR 43.2 (EUR 35.1) million, a decrease of EUR 8.1 million or 23%.
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