Period-end comment from Setra for Q1 2023
Wood products company Setra has reported an operating loss of SEK -64 million (480) for the first quarter of 2023. Net sales totalled SEK 1,414 million (1,834).“The strong deliveries continued in the first quarter, but unfortunately with negative margins for Setra. This is mainly down to low prices and high raw material costs combined with higher electricity costs,” explains Setra’s CEO Katarina Levin. Prices picked up over the quarter, but not enough to compensate for the rising costs of raw materials, electricity and fuel. Activity in most markets was slightly better than expected,