Uncertain market conditions continue to affect Setra’s earnings
Wood products company Setra has reported an operating profit of SEK 95 (287) million for the period January–September 2019. Net sales totalled SEK 3,262 (3,325) million. There was an operating loss for the third quarter of SEK -22 (54) million, with net sales of SEK 879 (966) million.“We’re reporting an operating loss of SEK -22 million, which is SEK 76 million lower than last year. The poorer results are mainly attributable to lower sales prices in combination with higher wood prices and lower production volumes,” says Anders Nordmark, acting CEO of Setra.Since the end of 2018, market