End of period commentary from Setra for Q2 2024
The wood industry company Setra reports an operating profit of SEK 31 million (10) for the second quarter of 2024. Net sales amounted to SEK 1,370 million (1,368).During the second quarter, higher sales prices and reduced fixed costs contributed to an improvement in results compared to the same period last year. However, the timber price level continues to rise, putting pressure on Setra’s margins. - Despite expected increases in sales prices during the last quarter, the weak economic conditions have not improved in the short term. The current situation in the raw materials market, with