News : Setra Group

Strong Swedish krona explains negative quarterly result

4/18/2013 7:56 AM EST - Setra Group

The wood products company Setra reports net sales of SEK 945 (1,065) million for the first quarter of 2013. Operating loss for the period January-March amounted to SEK 26 (27) million.
“The operating loss for the period January-March is almost at the same level as in the first quarter last year. When comparing the two quarters, however, it is worth noting that the exchange rate development with a considerably...

New orders for Plusshus

2/15/2013 6:03 AM EST - Setra Group

Setra’s subsidiary Plusshus has signed new orders worth SEK 45 million during the first months of this year. Major projects include senior housing units in Northern Norway and a terraced housing area in Greater Stockholm.
“It is really gratifying to see a light at the end of the tunnel in this tough construction market,” says Nils Clausén, CEO of Setra’s subsidiary Plusshus.

“This means that from mid-March we...

Setra reports loss for 2012 due to weak business climate

1/29/2013 5:23 AM EST - Setra Group

Wood products company Setra reports net sales of SEK 4,069 million (4,476) for the full-year 2012. Net sales in the fourth quarter amounted to SEK 951 million (1,076). The operating loss for the period January-December amounted to SEK 80 million (42), of which SEK 20 million related to restructuring costs for the closure of the Horndal sawmill. Operating loss for the fourth quarter, excluding restructuring costs,...

Information from Extraordinary General Meeting

11/28/2012 8:09 AM EST - Setra Group

Setra Group AB (publ) held an Extraordinary General Meeting at Setra’s head office in Solna on Tuesday, 27 November.
At the Extraordinary General Meeting Michael Bertorp was elected as the new independent Chairman of Setra’s Board to succeed Håkan Ahlqvist who has tendered his resignation.

Michael Bertorp was born in 1949 and holds an LL.M degree from Lund University, 1972. For several years he held a number...

Joint organisation for raw materials and bioproducts

11/19/2012 7:58 AM EST - Setra Group

Setra is placing responsibility for raw material purchasing and bioproduct sales in a combined organisation. The new organisation will be headed by Klas Flygare.
Purchases of timber raw materials and sales of bioproducts for Setra’s Whitewood, Redwood, and Wood Products business areas, will be co-ordinated in a joint organisation with effect from 1 December. Klas Flygare, who is currently responsible for...

New Chairman for Setra

11/12/2012 11:15 AM EST - Setra Group

Håkan Ahlqvist, Chairman of Setra’s Board since the 2009 AGM, is standing down. A new chairman will be elected at an extraordinary general meeting to be held on 27 November.
Håkan Ahlqvist comments: After almost four years as Setra’s Chairman the time is now right to hand over to someone new. The industry is facing a turbulent period and Setra needs to further review its strategic direction.

“It has been...

New trimmer inaugurated at Setra Skinnskatteberg

10/30/2012 6:31 AM EST - Setra Group

The new trimmer at Skinnskatteberg sawmill was inaugurated on Friday, 26 October. The total investment amounted to SEK 60 million and will improve both efficiency and production quality.
“This is an important milestone for the Skinnskatteberg sawmill,” says Johan Padel, Setra’s President and CEO at the official inauguration. “When the business climate turns around we will be ready to meet future demands in...

Setra to reduce production at Vimmerby sawmill

10/24/2012 10:18 AM EST - Setra Group

Against the background of the serious sawlog situation in southern Sweden, Setra is giving notice of production cutbacks of 20% at the Vimmerby sawmill. This affects a total of just over 20 employees.
A tough regional raw material situation with weak supplies and high prices, combined with the uncertain market situation, lie behind Setra’s decision to restrict its production volume at the redwood sawmill in...

Setra’s report for the period January-September 2012

10/22/2012 8:10 AM EST - Setra Group

Setra reports an operating loss for the period January-September 2012 of SEK 24 million (+1). The operating loss for the third quarter was SEK 26 million (+9). Net sales for the period January-September amounted to SEK 3,118 million (3,400) and SEK 881 million (974) for the third quarter.
“Given the pressure in the sawmill industry at the moment, Setra’s operating loss for the third quarter of SEK 26 million...

New names in Setra

9/14/2012 6:02 AM EST - Setra Group

Olle Berg has been appointed Market and Business Development Director at Setra. Pontus Friberg will take up the position of Business Support Director. Three of Setra’s sawmills - Kastet, Nyby and Hasselfors – will have new managers in the autumn.
Olle Berg, currently SVP, Marketing & Sales, Stora Enso Building & Living, has been appointed as Market and Business Development Director at Setra. He will be a member...

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