Period-end comment from Setra Q4 2020
Wood products company Setra is reporting operating profit of SEK 117 million (8) for 2020. Net sales totalled SEK 4,131 million (4,264). The company generated operating profit of SEK 61 million (-87) for the fourth quarter, with net sales of SEK 1,088 million (1,002).Setra is reporting an earnings improvement of SEK 109 million for 2020 compared with the previous year. Significantly lower average selling prices compared with 2019 have been offset by lower raw material prices, positive exchange rate effects, lower fixed costs and higher delivery volumes. At the start of the coronavirus