Sveaskog’s Year-end Report January-December 2020: Lower Profits due to Lower Prices
Sveaskog reports an operating profit of MSEK 1,120 (1,483) for 2020, which is 24 per cent lower than in the same period in the previous year. A fall in profit was expected, as the prices of our products declined gradually in 2019, and the trend has continued into 2020.[Vintertrd] January – December 2020 · Net sales decreased by eight per cent to MSEK 6,597 (7,209). Prices of wood raw materials were down by nine per cent on average while total delivery volumes declined one per cent. · Operating profit decreased by 24 per cent to MSEK 1,120 (1,483). The decrease in profit can be