The next AGM will a club “Nygammalt” SCA, headquartered in Sundsvall. SCA maintains the forest, and continues to be Europe’s largest private forest owners, for example, 6 percent of Sweden’s total area.
The CEO of Forest section is the current division manager Ulf Larsson. Magnus Groth will become CEO of the new company, which still has no name but which account for 85 percent of the current SCA’s sales.
Why buds you of hygiene unit when it is larger?
“today we have a parent company. In it is the forestry company and hygiene company. A large part of the forest resources is today the parent company. If you spread out the hygiene business, it is left to include all forest operations, both forest resources and industry, “says Magnus Groth.
What is the actual process of division, things like double the cost of administration?
“I can not give you an answer on that. Compared with similar options we’ve looked at, it is relatively efficient. “
The banks have long appreciated SCA, which has a relatively insensitive to economic trends operations and tremendous values at the bottom with an equity of approximately SEK 73 billion. Therefore, SCA has been able to borrow money cheaply, net debt was at the last quarterly report of 33.6 billion.
Are you satisfied with leverage?
“We have a goal that we should be solid investment grade, which corresponds to BBB +. Today we have A, a stronger rating, and I’m happy with. Both of these companies will have strong balance sheets. “
The analysts prefer that SCA will as much as possible of the current cash in the hygiene market, to grow through acquisitions, and keeps it stable cash flows and pledged to secure the forest as highly leveraged as possible.
How do you do?
“It is too early to say, I can only say that both companies have good balance sheets and the ability to realize their strategies. “
Sverker Martin-Löf was as chairman 2002-2015 against a division. Then in January 2015 he was forced to leave his mission, SCA’s share price has risen by over 40 percent. Wednesday’s news was glad the stock market even more, and its shares jumped by a further 7.4 percent.
tracks lead to Fredrik Lundberg, who with the gavel in SCA’s principal owners, Industrivärden in practice took power of SCA by Sverker Martin-Löf.
But the question obviously sensitive. SCA’s Chairman Pär Boman, Industrivärden’s CEO Helena Stjernholm and Sverker Martin-Löf declined to talk to Di on Wednesday.
And after a few questions to Magnus Groth on the theme, SCA: s press officer of the interview draws to an end.
Whose idea was the split?
“It has been an issue that has been for many years, mainly from investors . Today we have well come to a stage where it feels like we are mature, and where we note that both of these activities are financially strong and have good strategies, “says Magnus Groth.
but who said “no, here we go”?
“we have a very competent board that works with these issues all the time, and how we work on the board, I can not go into.”
You’re talking about the division entirely logical, yet it has not happened before. Why?
“I can not speculate.”
What was the resistance to the separation of former board assemblies?
“How we work of the board and management, I can not get into. “
Have you had any working name of the new company?
” no, that work starts now. All suggestions are welcome. “
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