Period-end comment from Setra for Q1 2024
Wood products company Setra has reported an operating loss of SEK -95 million (-64) for the first quarter of 2024. Net sales totalled SEK 1,158 million (1,414).“The sawmill industry remains in a difficult situation, with high timber prices and weak construction activity. Ongoing investments, combined with a cold and prolonged winter, have affected the production volume negatively. As a result of having a well-balanced market mix, Setra has no difficulty finding purchasers for what we produce and we expect to see increasing sales prices in the coming quarters” says Marcus Westdahl, CEO of