Interim Report January-September 2005

Compared with second quarter of 2005
• Net sales amounted to SEK 1,210 million (1,504).
• Operating loss amounted to SEK 15 million (profit 2).
• Loss after financial items amounted to SEK 24 million (9).
• Cash flow from operating activities amounted to SEK 112 million (44).
• The decline in earnings is mainly attributable to seasonally low volumes within the Wood Products business area.

Compared with the first nine months of 2004
• Net sales amounted to SEK 3,946 million (3,913).
• Operating loss amounted to SEK 70 million (16).
• Earnings in 2005 have been charged with items affecting comparability of SEK -17 million (0).
• Loss after financial items amounted to SEK 99 million (46).
• Cash flow from operating activities amounted to SEK -90 million (94).
• The decline in earnings is mainly due, in addition to items affecting comparability of SEK -17 million, to lower margins in both business areas.


Stockholm, 24 October 2005
Setra Group AB (publ)

Board of Directors

This interim report has not been reviewed by the company’s auditors.

Any questions relating to this report may be addressed to Kent Torwald, President and CEO, +46 8 705 03 00 or +46 706-36 74 03.

About Us

Setra is one of Sweden’s largest wood products companies and a leading player in Europe. We process raw material from responsibly managed forests and offer climate-friendly products and solutions for building and living in a global market. The Group has approximately 800 employees and annual sales of SEK 4.2 billion. Exports to Europe, North Africa, the Middle East and Asia account for about 60% of sales.

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