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  • SCA Annual Report 2009

    S C

    A A

    nnual R ep

    ort 2009

    Contents

    SCA at a glance flap

    Introduction

    CEO’s message 2

    The SCA share 4

    Strategy 6

    Board of Directors’ Report

    SCA Group

    Operations and structure 10

    Acquisitions, investments and divestments 11

    Other Group information 12

    Sales and earnings 13

    Operating cash flow 14

    Financial position 15

    Innovations 16

    Business areas

    Personal Care 22

    Tissue 26

    Packaging 30

    Forest Products 34

    Responsibility and Governance

    Corporate Governance 38

    Board of Directors and Auditors 44

    Corporate Senior Management Team 45

    Risk and risk management 46

    Sustainability 52

    Financial statements

    SCA Group

    Income statement 56

    Consolidated statement of comprehensive income 56

    Consolidated statement of changes in equity 57

    Operating cash-flow statement 57

    Cash-flow statement 58

    Balance sheet 60

    Parent Company 61

    Notes 63 Proposed distribution of earnings 98 Audit report 99 SCA data

    Multi-year summary 100

    Comments on the multi-year summary 101

    Description of expenses 102

    Raw materials, energy and transports 102

    Production capacity 103

    Definitions and key ratios 104

    Glossary 104

    Annual General Meeting and Nomination Committee 105

    SCA was ranked as one of the world’s most sustainable com- panies by the responsible business magazine Canadian Corporate Knights.

    SCA has been listed on the FTSE4Good global sustain ability index since 2001.

    In 2008, SCA became a UN Global Compact member. SCA’s 2008 Communication on Progress report was selected as representative of Best Practice by Global Compact.

    SCA was named one of the world’s most ethical com panies by the Ethisphere Institute.

    SCA applies the Global Reporting Initiative (GRI) at A level in its sustainability reporting. The report was audited by Pricewaterhouse- Coopers.

    SCA is included in the Dow Jones STOXX Sustainability Index and the Dow Jones Sustainability WORLD Index, which are two of the world’s most prestigious sustainability indexes.

    9 10

    The insurance company, Folksam, compiles an annual index for responsible business practices. In 2009, SCA shared the top spot when the marks for the environment and human rights were combined.

    SCA was honoured with the 2009 Finforum award by FAR SRS – an industry organisation for auditors and consultants – the Swedish Society of Financial Analysts SFF, the Swedish Public Relations Association and Irev. The commendation focused on SCA’s expressed desire to contribute to sustainable development.

    2009

    FINFORUM- PRISET

    tilldelas

    Svenska Cellulosa Aktiebolaget SCA

    Anna-Clara af Ekenstam Juryns ordförande

    SCA har i sin kommunikation gjort ett snabbt skifte från det traditionella skogsföretaget som upplevts att ha varit i bakvatten till ett framtidsinriktat konsumentföretag med stark kund- och konsument-

    insikt. SCA har visat att de skapar värde i en anda av innovation och med en uttalad vilja att bidra till en hållbar utveckling. Företaget har en gedigen ekonomisk information och en stor öppenhet på sin

    hemsida. SCA har i denna förändring visat mod, kraft, handling och transparens.

    SCA is included in OMX GES Sus- tainability Nordic and OMX GES Sustainability Sweden, two indexes for responsible investments calcula- ted by Nasdaq OMX in cooperation with GES Investment Services.

    Recognition

    N O

    R

    D IC

    ECOLA B

    E L

    P R

    IN TED MA

    T T

    E R

    341 123

    Because our products make life easier for you and millions of people around the world. Because our resources and processes are a natural part of the global lifecycle. And because we care.

    c/o Life is our way of expressing SCA’s unique values, personality and direction.

  • SCA Annual Report 2009

    S C

    A A

    nnual R ep

    ort 2009

    Contents

    SCA at a glance flap

    Introduction

    CEO’s message 2

    The SCA share 4

    Strategy 6

    Board of Directors’ Report

    SCA Group

    Operations and structure 10

    Acquisitions, investments and divestments 11

    Other Group information 12

    Sales and earnings 13

    Operating cash flow 14

    Financial position 15

    Innovations 16

    Business areas

    Personal Care 22

    Tissue 26

    Packaging 30

    Forest Products 34

    Responsibility and Governance

    Corporate Governance 38

    Board of Directors and Auditors 44

    Corporate Senior Management Team 45

    Risk and risk management 46

    Sustainability 52

    Financial statements

    SCA Group

    Income statement 56

    Consolidated statement of comprehensive income 56

    Consolidated statement of changes in equity 57

    Operating cash-flow statement 57

    Cash-flow statement 58

    Balance sheet 60

    Parent Company 61

    Notes 63 Proposed distribution of earnings 98 Audit report 99 SCA data

    Multi-year summary 100

    Comments on the multi-year summary 101

    Description of expenses 102

    Raw materials, energy and transports 102

    Production capacity 103

    Definitions and key ratios 104

    Glossary 104

    Annual General Meeting and Nomination Committee 105

    SCA was ranked as one of the world’s most sustainable com- panies by the responsible business magazine Canadian Corporate Knights.

    SCA has been listed on the FTSE4Good global sustain ability index since 2001.

    In 2008, SCA became a UN Global Compact member. SCA’s 2008 Communication on Progress report was selected as representative of Best Practice by Global Compact.

    SCA was named one of the world’s most ethical com panies by the Ethisphere Institute.

    SCA applies the Global Reporting Initiative (GRI) at A level in its sustainability reporting. The report was audited by Pricewaterhouse- Coopers.

    SCA is included in the Dow Jones STOXX Sustainability Index and the Dow Jones Sustainability WORLD Index, which are two of the world’s most prestigious sustainability indexes.

    9 10

    The insurance company, Folksam, compiles an annual index for responsible business practices. In 2009, SCA shared the top spot when the marks for the environment and human rights were combined.

    SCA was honoured with the 2009 Finforum award by FAR SRS – an industry organisation for auditors and consultants – the Swedish Society of Financial Analysts SFF, the Swedish Public Relations Association and Irev. The commendation focused on SCA’s expressed desire to contribute to sustainable development.

    2009

    FINFORUM- PRISET

    tilldelas

    Svenska Cellulosa Aktiebolaget SCA

    Anna-Clara af Ekenstam Juryns ordförande

    SCA har i sin kommunikation gjort ett snabbt skifte från det traditionella skogsföretaget som upplevts att ha varit i bakvatten till ett framtidsinriktat konsumentföretag med stark kund- och konsument-

    insikt. SCA har visat att de skapar värde i en anda av innovation och med en uttalad vilja att bidra till en hållbar utveckling. Företaget har en gedigen ekonomisk information och en stor öppenhet på sin

    hemsida. SCA har i denna förändring visat mod, kraft, handling och transparens.

    SCA is included in OMX GES Sus- tainability Nordic and OMX GES Sustainability Sweden, two indexes for responsible investments calcula- ted by Nasdaq OMX in cooperation with GES Investment Services.

    Recognition

    N O

    R

    D IC

    ECOLA B

    E L

    P R

    IN TED MA

    T T

    E R

    341 123

    Because our products make life easier for you and millions of people around the world. Because our resources and processes are a natural part of the global lifecycle. And because we care.

    c/o Life is our way of expressing SCA’s unique values, personality and direction.

  • Group’s largest markets

    SEKm

    Germany

    UK

    US

    France

    Italy

    Sweden

    Netherlands

    Spain

    0 4,000 8,000 12,000 16,000

    0 4000 8000 12000 16000

    Belgien

    Mexiko

    Australien

    Danmark

    Spanien

    Nederländerna

    Sverige

    Italien

    Frankrike

    USA

    Storbritannien

    Tyskland

    SCA at a glance SCA creates value by fulfilling the needs of customers and consumers in a spirit of inno- vation, through continuous efficiency enhancements and with a clear desire to contribute to a sustainable development. The Group develops, produces and markets personal care products, tissue, packaging, publication papers and solid- wood products, and sells products in more than 100 countries. In 2009, SCA had annual sales of SEK 111bn (EUR 10.5bn) and about 50,000 employees.

    Personal Care The business area comprises three product

    segments: incontinence care, baby diapers

    and feminine care. Production is conducted at

    23 facilities in 20 countries. Products are sold

    in more than 100 countries throughout the

    world.

    Packaging SCA is a full-service supplier of packaging solu-

    tions and offers both transport and con