Bergs Timber AB

Bergs Timber AB
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Bergs - An international wood products Group The Bergs Group consists of independent subsidiaries, with clear responsibilities for results, that develop, produce and market processed wood for various applications. With years of experience in wood and a great deal of competence in processing, Bergs promotes building a sustainable society based on renewable raw materials from sustainably cultivated forests in the Baltic Sea region. Operations are conducted in Sweden, Estonia, Latvia and the UK, and the Group’s products are sold in some 20 countries. The largest markets consist of Scandinavia, the Baltic countries, the UK and France. The head office and Group management are located in Sweden. The company’s share has been listed on Nasdaq Stockholm since 1984.

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Interim report Q1 2020

Tue, May 05, 2020 13:00 CET

First quarter 2020 – Improved result for Bergs” IMPROVED RESULT AND STRENGTHENED MARGINSThe result for the quarter was the best since the first quarter last year. During the winter, certain production curtailments were implemented which, together with an extensive labour dispute at Finnish sawmills, led to a lower supply of wood products. The reduced supply combined with good demand has resulted in lower stocks for the season and that certain price increases have been implemented. Adjusted for costs related to the closure of Gransjö sawmill, EBITDA for the first quarter amounted to SEK

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Interim report Q1 2020

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