UPDATE 1-SCA Q2 profit beats expectations, raises tissue prices

jueves 16 de julio de 2015 06:55 GYT
 

* EBIT ex items 3.22 bln SEK vs consensus 3.10 bln

* Stronger dollar raised pulp costs

* Raised Europe tissue prices with gradual effect H2

* Shares rise 4 pct, hit all-time-high (Adds detail, background)

By Anna Ringstrom

STOCKHOLM, July 16 (Reuters) - Swedish hygiene products firm SCA posted a bigger rise than expected in quarterly core profit on Thursday as savings and strong organic sales outweighed higher pulp costs due to the stronger dollar.

The world's second-biggest tissue maker and biggest incontinence pad producer said it had raised prices for consumer tissue in Europe in the quarter, with gradual effect in the second half of the year.

Its shares rose to record highs on the news, up 4 percent at 1026 GMT, taking a year-to-date rise to 41 percent.

Second-quarter operating profit before restructuring and other one-off costs rose to 3.22 billion crowns ($378 million), from a year-ago 2.93 billion, against a mean forecast in a Reuters poll of analysts for 3.10 billion.   Continuación...