Period-end comment from Setra for Q2 2022
Wood products company Setra has reported an operating profit of SEK 564 million (442) for the second quarter of 2022. Net sales totalled SEK 1,792 million (1,529).“Delivery volumes and prices remained at a good level during the second quarter. The effects of the Russian sanctions only had a limited impact on the supply of wood products in Q2, although the effects are likely to be more pronounced in Q3. Uncertainty about the direction of the economy is creating a cautious market as we move towards the autumn,” says Katarina Levin, Setra’s CEO. The outlook for Setra’s long-term development,