Operations in 2002 Quarterly Data and Key Figures Board Report Consolidated Financial Statements Parent Company Financial Statements Financial Notes Auditors’ Report The Share Corporate Governance

	Operations in 2002 Value Creation Market Sales and Deliveries Financial Result Non-recurring Items Financing and Capital Expenditure Risk Analysis Supply and Demand Risk Investment Risk External Structural and Legal Risk Risk Management Funding and Financing Costs		Reports 2002  >  Financials 2002  >  Operations in 2002  >  Risk Analysis  >  Supply and Demand Risk Supply and Demand Risk Product prices, raw material and energy costs are cyclical and therefore a period of low product prices or high raw material costs affects profitability. Reliance on imported wood may oblige the Group to pay higher prices for key raw materials or change manufacturing operations. Reliance on outside suppliers for the majority of energy needs leaves the Group susceptible to changes in energy prices as well as shortage of supply. Changes in consumer preferences may have an effect on demand for certain products and thus on profitability. Exchange rate fluctuations may have a significant impact on financial results.