In 1981–82 three field experiments were established with the aim of elucidating (i) the growth response of middle-aged coniferous stands at different fertilization intensities and, hence, the economic outcomes; and (ii) the need to add nutrients other than nitrogen (N). Nutrient additions were performed at intervals of two, four, six and eight years. The experiments were established on typical podzolized and N-limited mor-humus sites, two in Scots pine (Pinus sylvestris L.) stands and one in a Norway spruce (Picea abies (L.) Karst.) stand, at three different locations in Sweden. The ages of the stands were 65–70 years at the time of establishment. Growth responses were calculated after a 22-year study period. The growth responses were significant in all treatments. The addition of nutrients other than N did not affect stem growth at any of the sites. The growth response tended to increase with decreasing application interval. The results also revealed that the efficiency of fertilization is reduced as the interval between fertilizations is shortened. Accordingly, the growth effect per kg of added N was negatively correlated to fertilization intensity. The least intensive fertilization regime (an eight-year interval) resulted in an average net increase in C sequestration of 35 kg per kg N added. The profitability, in terms of internal rate of return, the present net value at different interest rates and the cost of production, i.e. the cost to produce one extra m3 under the different N regimes, are presented and discussed.