Period-end comment from Setra Q1 2020
Wood products company Setra has reported an operating profit of SEK 12 million (83) for the first quarter of 2020. Net sales totalled SEK 1,094 million (1,128).The COVID-19 (coronavirus) pandemic began in early 2020. Setra’s crisis management team is monitoring the progress of the virus and its potential impact on Setra’s operations on a daily basis. Setra has reported a positive operating profit of SEK 12 million for the first quarter, which is attributable to high delivery levels coupled with rising selling prices. Earnings for the first quarter have slightly exceeded expectations and