Wood products company Setra has reported an operating profit of SEK 8 million ($727,934) for the Q3 2023. Net sales totalled SEK 1,207 million ($110 million), compared to SEK 1,343 million ($122 million) in the Q3 2022.
“The wood products market continued to be challenging in the third quarter. The main negative impact on earnings continues to be the combination of historically high raw material prices and falling sales prices. Demand developed favourably in the US and Asia during the quarter, while underlying demand in Scandinavia and Europe remains weak,” says Marcus Westdahl, Setra’s CEO.
The construction of a new saw line for small-diameter logs at Setra’s sawmill in Skinnskatteberg is proceeding according to plan. The investment, which includes other future measures, is an important step in Setra’s development strategy and is expected to be operational by spring 2024.
Setra is one of Sweden’s largest wood industry companies.
