Global Forest and Paper Industry: Net Earnings Summary — Three months ended June 30th, 2009

Global Forest and Paper Industry: Net Earnings Summary — Three months ended June 30th, 2009 (54kb)

The second quarter of 2009 was characterized by continued weakness in commodity product pricing and low demand as the industry continued to weather the effects of the global economic downturn. Industry curtailments created sporadic demand for products, but not enough to sustain recovery. Pulp markets showed signs of improvement toward the end of the quarter as purchases from China increased.

In the current economic climate, the producers across the world unsurprisingly posted significant losses in the quarter. However, on a slightly more positive note, in Canada, the US, and Japan a significant proportion of the top ten companies reported an increase in earnings compared to the same quarter in 2008, although in Europe all but two of the top ten reported a decline compared to the same period.

This Net Earnings Summary is prepared by PricewaterhouseCoopers from financial statements issued by the companies noted.

Previous editions of the Net Earnings Summary can be downloaded below.

• Global Forest and Paper Industry: Net Earnings Summary — Three months ended March 31, 2009
• Global Forest and Paper Industry: Net Earnings Summary — Three months ended September 30, 2008