Stockholm, September 24, 2010 - NASDAQ OMX congratulates SCA, which 60 years ago on September 26, 1950 became listed on the Stockholm Stock Exchange. On the first day of trading SCA (then named Cellulosa AB) had a turnover of 400 shares with total value of 69,000 SEK, compared to today's daily turnover of over 300 million SEK, making it one of the most traded companies in the Nordic region. SCA is one of the world's leading manufacturers of paper-based personal care products, tissue, packaging and solid wood products.
Jenny Rosberg, Senior Vice President at NASDAQ OMX, said: "SCA's journey from its listing in 1950 to a global company with several world leading brands is fantastic. They are an excellent example of how being a publicly listed company can facilitate growth, expansion and innovation, and we are extremely proud to be their home market. SCA is a part of our paper industry sector, which today is the largest in the whole exchange world."
SCA's President and CEO Jan Johansson commented: "The transparency that comes with being a listed company results in high integrity among investors as well as end customers, and has been instrumental in building our global brands. Moreover, the capital raising opportunities offered by the exchange have enabled SCA's long-term organic growth, and contributed to our strong global position within the personal care and paper industry."
In 1950 - the year of SCA's listing - the total share turnover at the Stockholm Stock Exchange was 218 million SEK, to be compared with the annual turnover in 2009 of around 3400 billion SEK.
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