Global Forest and Paper Industry: Net Earnings Summary — Three months ended March 31, 2014

View this page in: Français

This Net Earnings Summary has been prepared by PwC based on financial statements and other sources issued by the selected companies. Earnings are reported in regional currencies, as noted.

Canadian based forest products companies reported mixed earnings for the first quarter of 2014, with integrated companies and those producing building products reporting the strongest results. US single-family housing starts in the quarter were up close to 3% year-over-year although new home sales fell in March. The housing statistics for the quarter may have been linked to the severe winter weather experienced in eastern North America. Lumber prices fell through the quarter, while panel prices (OSB and plywood) were mixed. There were a series of fluff pulp price increase announcements through the quarter as the global demand for tissue papers continues to increase. Newsprint prices remained stable and paper prices were mixed. Transportation issues, including a trucker strike at Vancouver and rail car shortages created problems for Canadian based companies, especially the BC Interior based sawmills.

Western Canada

Western Canadian based companies posted net earnings of $161.8 million in the first quarter of 2014 compared with net earnings of $37.6 million in the fourth quarter of 2013 and net earnings of $188.3 million in the first quarter of 2013.

Eastern Canada

Eastern Canadian based companies posted net losses of $77.2 million in the quarter, compared to net earnings of $8.0 million in the fourth quarter of 2013 and net earnings of $23.0 million in the first quarter of 2013.

United States

Ten of the largest US-based forest and paper companies reported net earnings of US $997.2 million for the first quarter, down from US $2.2 billion in the fourth quarter of and US $1.6 billion in the first quarter of 2013.

Europe

Nine of the largest European based forest and paper companies reported net earnings of € 670.3 million for the first quarter of 2014, up from € 277.4 million in the first quarter of 2013.

Japan

Six of the largest forest and paper companies in Japan posted net earnings of US $324.9 million in the first quarter of 2014, down from US $345.1 million in the fourth quarter of 2013.

Emerging Markets

The Emerging Markets (Brazil, Chile and South Africa), Arauco (Chile) reported net earnings of US $105.5 million in the first quarter of 2014, compared to earnings of US $45.5 million in the fourth quarter. Fibria Celulose (Brazil) reported earnings of US $ 8.0 million, compared to losses of US $ 185.0 million in the fourth quarter( impacted by a one-time US$246 million settlement of outstanding tax claims).

This Net Earnings Summary is prepared by PwC based on financial statements issued by the noted companies. Earnings are reported in regional currencies unless otherwise noted. All comparative figures are with the three months ended March 31, 2014 unless otherwise specified.

Download the full summary to learn more details as well as results for the rest of the globe.


Previous quarter reports

empty Global Forest and Paper Industry: Net Earnings Summary — Three months ended December 31, 2014
Download the full PDF report.
empty Global Forest and Paper Industry: Net Earnings Summary — Three months ended September 30, 2013
Download the full PDF report.

empty Global Forest and Paper Industry: Net Earnings Summary — Three months ended June 30, 2013
Download the full PDF report.

empty Global Forest and Paper Industry: Net Earnings Summary — Three months ended December 31, 2012
Download the full PDF report.

empty Global Forest and Paper Industry: Net Earnings Summary — Three months ended September 30, 2012
Download the full PDF report.

empty Global Forest and Paper Industry: Net Earnings Summary — Three months ended June 30, 2012
Download the full PDF report.

empty Global Forest and Paper Industry: Net Earnings Summary — Three months ended March 31, 2012
Download the full PDF report.

empty Global Forest and Paper Industry: Net Earnings Summary — Three months ended September 30, 2011
Download the full PDF report.

empty Global Forest and Paper Industry: Net Earnings Summary — Three months ended June 30, 2011
Download the full PDF report.

empty Global Forest and Paper Industry: Net Earnings Summary — Three months ended March 31, 2011
Download the full PDF report.

empty Global Forest and Paper Industry: Net Earnings Summary — Three months ended September 30, 2010
Download the full PDF report.

empty Global Forest and Paper Industry: Net Earnings Summary — Three months ended June 30, 2010
Download the full PDF report.

empty Global Forest and Paper Industry: Net Earnings Summary — Three months ended 31 March 2010
Download the full PDF report.