“We are extremely pleased to report that the effect of our merger has created considerable value for our members in just the first year, allowing us to plan for future dividends. This is clear proof that we are stronger together than we are on our own,” states Torgny Hardselius, Chairman of Norra Skog.
Membership that pays
Norra Skog is an economic association that is keen to reward its 27,000 members. The new dividend strategy rewards a long-term approach and sound forest management, as well as minimising the risk of price speculation. The dividend means that a member of the association will receive significantly more from a deal than is shown in the price list.
“This should be an effective vaccine against peaks and troughs on a tricky wood market and make our members’ businesses profitable over the long term,” explains Norra Skog’s CEO Pär Lärkeryd.
Dividend for deliveries old and new
The Board’s proposal has two purposes – to reward members who have supplied the association over the years through a high annual return on invested capital and to connect the dividend to new wood deliveries made by members in 2021 or coming years. The final decision on the dividend will be taken by the association’s highest decision-making body, the AGM in May 2022.
“We have already received many positive reactions from our members, who feel the association now has an ingenious dividend strategy, where their wood deliveries not only generate good results in the year they deliver, but also lead to a continued return year after year,” says Torgny Hardselius.
For more information, please contact:
Torgny Hardselius, Chairman Norra Skog, +46 70 568 17 12
Pär Lärkeryd, CEO Norra Skog, +46 70 23 48 564
For press images, see norraskog.se
Norra Timber is a wood processing company that manufactures and delivers products to markets with high expectations concerning quality, capacity and accurate deliveries. The forest owners’ association Norra Skog runs its manufacturing and marketing business through Norra Timber. Our sawn and added value products come from unique, slow-grown trees that have matured over almost 100 years in the forests of our 27,000 members in northern Sweden. Maintaining an open dialogue enables us to keep things simple as we identify smart and innovative solutions together with our customers. Norra Timber creates winning partnerships.