Studsvik returns to profit

14 February 2011

Sweden-based metals recycling and treatment company Studsvik has reported a return to profit in 2010. The company reported post-tax profits of SEK 4 million (EUR 456,000) on sales of SEK 1.3 billion, compared with 2009's loss of SEK 35.2 million on sales of 1.2 billion.

The company said, "Decommissioning of nuclear facilities is continuing and is expected to continue by and large at an unchanged rate. Demand is strong for the services of the type Studsvik offers, including waste treatment, materials testing, software and consulting services. The British and American markets that have been characterized by weak national economic development are successively recovering."

It said that in the year, sales increased in local currencies in 2010 in all segments except the United Kingdom, which reported sales at the same level as the previous year.

In terms of profits, it said: "After a weak performance in the second and third quarters, capacity utilization increased in the fourth quarter in the USA, which reported a profit. In Germany the positive trend continued and Sweden had a strong close to the year with an operative result at the same level as the previous year. The United Kingdom reported a loss in the fourth quarter, though it was halved in comparison with the previous year. The positive trend for Global Services continued, with high capacity utilization in materials technology and the consulting operations and high new sales of software."

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