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 1 January – 30 June 2020

Fri, Jul 31, 2020 13:00 CET

Second quarter 2020 – Bergs reports improved result and strong cash flowDespite the ongoing Covid-19 pandemic, demand for Bergs’s products has been good. The market for wood products has strengthened during the second quarter and prices for wood products have been gradually raised. The market for do-it-yourself, renovation and garden products has developed strongly, while a decline in industrial construction in Europe and the USA has been noted. Bergs focus on the garden range and the do-it-yourself segment has been favorable and sales volumes, mainly in May and June, have been strong.

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Interim report 1 January – 30 June 2020

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