Period-end comment from Setra for Q4 2022
Wood products company Setra has reported an operating loss of SEK -69 million (369) for the fourth quarter of 2022. Net sales totalled SEK 1,395 million (1,563).“The wood products market continued to weaken during Q4 in terms of the general price level, while demand improved, which reduced our stocks to a normal level. However, low prices combined with rising costs have further weakened our margins during this quarter,” says Katarina Levin, Setra’s CEO. Despite the difficult global economic situation, Setra is positive about the future of wood product consumption, in both the medium and