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 strengthened krona had a negative impact on the operating result of over SEK 20 million,” says Stefan Lundin, Acting CEO, and CFO of Setra. “The small price increases we noted in several of our key export markets during the period were eaten up by what for us was the negative exchange rate development.”

“The winter months are a weak period for the wood products industry for seasonal reasons. So it is therefore gratifying that despite a cold spring our sales to the Swedish building materials trade developed satisfactorily and that we continue to strengthen our market...