SCA Interim Report 1 January -- 31 March 2005


STOCKHOLM, Sweden, April 26, 2005 (PRIMEZONE) -- SCA:


                      2005:1         2004:1                    2004:4
 Earnings per
 share, SEK             2.82           5.89                      4.62
 Cash flow
 from current
 operations
 per share,
 SEK                   -0.11           3.68                      8.24

 Net sales,
 SEK M                22,518         21,687                    23,128
 Earnings
 after
 financial
 items, SEK M            894          1,883                       971
 Net earnings,
 SEK M                   662          1,384                     1,082

2005 compared with 2004

- Net sales amounted to SEK 22,518 M (21,687).

- Earnings after taxes amounted to SEK 662 M (1,384) 1) .

- Earnings per share amounted to SEK 2.82 (5.89).

- Earnings after financial items amounted to SEK 894 M (1,883). Adjusted for items affecting comparability, earnings after financial items amounted to SEK 1,319 M (1,914), a decline of 31%.

Compared with fourth quarter of 2004

- Net sales amounted to SEK 22,518 M (23,128).

- Earnings after taxes amounted to SEK 662 M (1,082) 1).

- Earnings per share amounted to SEK 2.82 (4.62).

- Earnings after financial items amounted to SEK 894 M (971). Adjusted for items affecting comparability, earnings after financial items amounted to SEK 1,319 M (1,597), a decline of 17%.

Rationalization Programs

- Costs during the quarter for the rationalization programs approved in January amounted to SEK 425 M.

1) As in the first and fourth quarters of 2004, earnings in the quarter were affected by efficiency enhancement measures. In addition, during the fourth quarter, financial items and taxes were affected positively by items affecting comparability, see also page 10.

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