Period-end comment from Setra Q2 2020
Wood products company Setra is reporting an operating profit of SEK 59 million (117) for the first six months of 2020. Net sales totalled SEK 2,203 million (2,383). Operating profits for the second quarter amounted to SEK 47 million (34), with net sales totalling SEK 1,109 million (1,255).The effects of the COVID-19 virus continue to cause uncertainty. To date, however, Setra has succeeded in maintaining its full sawmill production, without furloughing any employees. Setra’s crisis management team is monitoring the development of the virus and its potential impact on Setra’s operations on