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  • Lovisa Krebs

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    http://www.setragroup.com/
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    Setra completes the sale of Malå Såg AB to HS Timber Group

    Press release fromSetra Group AB 2nd of July 2026      Setra Trävaror AB, a wholly owned subsidiary of Setra Group, has completed the sale of Malå Såg AB to HS Timber Group. The transaction, announced in October 2025, is hereby finalised. The operation now joins HS Timber Group’s portfolio and will be operated under the name Malå Timber.  The sale of Malå Såg AB is in line with Setra’s strategy to focus and strengthen its position in Bergslagen in central Sweden. Setra will now continue to develop its core business in wood processing, where the Group sees the greatest

    End of period commentary from Setra for Q1 2026

    The wood industry company Setra reports an operating result of -122 million (-75) MSEK for the first quarter of 2026. Net sales amounted to 1,351 million (1,536) MSEK.The year has begun with a continued cautious market, combined with high inventories of finished goods across the industry in Sweden and Finland. The Swedish krona strengthened during the first months of the year but subsequently weakened somewhat. Cold weather across Setra’s production regions has also contributed to lower production levels and certain logistical challenges.“Market conditions for the wood industry remained

    End of period commentary from Setra 2025

    The wood industry company Setra reports an operating result for the full year 2025 of -622* (-216) MSEK. Net sales amounted to 5,619 (5,182) MSEK.Full Year 20252025 was an eventful year for Setra. In terms of profitability, the year was marked by a challenging market situation for the mechanical wood industry, where the ratio between finished goods prices and raw material costs did not allow for a sufficient contribution margin to ensure long‑term profitability, says Marcus Westdahl, President and CEO of Setra Group.At the same time, the Swedish krona strengthened significantly against

    HS Timber Group acquires Malå Såg AB from Setra Trävaror AB

    The Austrian HS Timber Group has signed an agreement to acquire 100% of the shares in the Swedish wood processing company Malå Såg AB from the Swedish owner Setra Trävaror AB, a subsidiary of Setra Group AB. The transaction is still subject to approval by the relevant authorities.Malå/ Vienna 28.10.2025 - Operating since 1946, Malå Såg is a well-established sawmill in northern Sweden. It specializes in high-quality northern pine products, which are sold to customers around the world, primarily in Norway, Sweden, Japan, the United Kingdom and North Africa. Malå plays a crucial role in the

    End of period commentary from Setra for Q3 2025

    The wood industry company Setra reports an operating result of -148 million (-50) MSEK for the third quarter of 2025. Net sales amounted to 1,215 million (1,278) MSEK.The third quarter of the year continues to be characterised by a subdued global construction market. Weak demand and pressured sales prices, combined with persistently high raw material costs, continue to put pressure on the sawmill and wood processing industries. “During the third quarter, Setra has implemented measures to strengthen internal efficiency while continuing to adapt the organisation to a challenging external

    Setra to lay off 50 employees in Hasselfors

    The wood industry company Setra Group has announced a production adjustment at its sawmill in Hasselfors. The decision means that 50 employees will be given notice of termination.“This production adjustment is a necessary step to reduce costs and create conditions for long-term sustainability,” says Marcus Westdahl, CEO and Group President of Setra Group. The background to the decision is the continued weak global construction market and economic uncertainty, which affects the ability to set relevant prices in relation to the current cost base.“We are committed to carrying out the

    End of period commentary from Setra for Q2 2025

    The wood industry company Setra reports an operating result of -60 million (31) MSEK for the second quarter of 2025. Net sales amounted to 1,442 million (1,370) MSEK.The second quarter of the year has been characterised by declining demand, trade tariff concerns, and continued high raw material prices. Combined with a strong Swedish krona, this creates a highly challenging situation for the sawmill and wood processing industry. “During the second quarter, Setra has continued its efforts to strengthen internal efficiency and reduce fixed costs, which is now showing a clear positive trend,”

    End of period commentary from Setra for Q1 2025

    The wood industry company Setra reports an operating result of -75 (-95) MSEK for the first quarter of 2025. Net sales amounted to 1536 (1158) MSEK.The first quarter of the year is characterised by continued rising raw material prices. Finished goods prices are also increasing, but not sufficiently to compensate for the cost of raw materials. A stronger Swedish krona has meant that the sales price in foreign markets has not increased to the expected extent, despite price increases in local currency. During the first quarter, Setra decided to adjust from continuous to periodic production

    Setra restructures the production in Långshyttan to align with market demand and ensure long-term sustainability.

    Setra Group will make a transition from continuous production to periodic production of cross-laminated timber (CLT) and wood components at the facility in Långshyttan, Dalarna. This adjustment, aimed at ensuring long-term financial stability, will result in layoff notices being issued to around 60 employees.[En bild som visar himmel, moln, utomhus, byggnad AI-genererat innehåll kan vara felaktigt.] “Rising timber prices, declining demand in the construction sector, and a surplus of CLT and wood components have significantly impacted profitability. This operational shift in Långshyttan

    Potential divestment of Setras´s sawmill in Malå

    During 2025, Setra will investigate the possibilities of divesting the sawmill in Malå. A divestment is expected to contribute to Setra's opportunities to further strengthen its position in Central Sweden, where the company's raw material supply is expected to improve in the coming years.During 2024, Setra took major steps in an extensive upgrade of the sawmill in Malå with new timber intake, new sawing line, updated raw sorting and increased drying capacity. The new saw line has been installed and start-up of the saw is proceeding according to plan. The full potential is expected to be

    End of period commentary from Setra for Q4 2024

    The wood industry company Setra reports an operating result of -101 (-191) MSEK for the fourth quarter of 2024. Net sales amounted to 1376 (1273) MSEK.The fourth quarter is characterized by continued increased raw material costs combined with a shortage of timber, while construction and startup in ongoing investment projects have contributed to a continued challenging situation for Setra."Despite increasing sales prices, the weak construction market combined with the ever-higher timber prices continues to create a strained situation for sawmills and the wood mechanical industry. Setra

    End of period commentary from Setra for Q3 2024

    The wood industry company Setra reports an operating result of -50 (8) million SEK for the third quarter of 2024. Net sales amounted to 1,278 (1,207) million SEK.During the third quarter, increased raw material costs, despite higher sales prices, contributed to a deterioration in Setra’s results compared to the same period last year. Additionally, both production and delivery levels have been significantly lower due to ongoing investments.“The challenging situation for the sawmill and wood mechanical industry continues, characterized by rising raw material prices while the weak

    Setra appoints new CFO

    Johanna Lindén will assume the role of CFO at the wood industry company Setra on 16 September. She has extensive experience in the wood industry and most recently held the position of CFO, Strategy and IT Manager at Södra Wood. “I am very much looking forward to working with Johanna and warmly welcome her to Setra. With her drive and industry knowledge, she will be a strong addition to our executive management team and contribute to Setra’s development and the ongoing improvement work in the company,” says Setra’s CEO Marcus Westdahl.Johanna Lindén has previously worked as Head of

    End of period commentary from Setra for Q2 2024

    The wood industry company Setra reports an operating profit of SEK 31 million (10) for the second quarter of 2024. Net sales amounted to SEK 1,370 million (1,368).During the second quarter, higher sales prices and reduced fixed costs contributed to an improvement in results compared to the same period last year. However, the timber price level continues to rise, putting pressure on Setra’s margins. - Despite expected increases in sales prices during the last quarter, the weak economic conditions have not improved in the short term. The current situation in the raw materials market, with

    Period-end comment from Setra for Q1 2024

    Wood products company Setra has reported an operating loss of SEK -95 million (-64) for the first quarter of 2024. Net sales totalled SEK 1,158 million (1,414).“The sawmill industry remains in a difficult situation, with high timber prices and weak construction activity. Ongoing investments, combined with a cold and prolonged winter, have affected the production volume negatively. As a result of having a well-balanced market mix, Setra has no difficulty finding purchasers for what we produce and we expect to see increasing sales prices in the coming quarters” says Marcus Westdahl, CEO of

    Setra opens office in Umeå

    Many of Sweden’s construction projects are currently concentrated in the growth region along the country’s northern coast. Setra has therefore opened an office in Umeå, to be close to the customers and the market in this area.The office is staffed by two of Setra’s building solutions experts, Jesper Åkerlund, Business Manager for Building Solutions and Components and Daniel Wilded, Product Manager for Building Solutions. “Setra is increasing its focus on the fast-growing parts of northern Sweden by establishing a clear presence in the region’s largest city, covering not just Umeå and

    Period-end comment from Setra for Q4 2023

    Wood products company Setra has reported an operating loss of SEK -191 million (-69) for the fourth quarter of 2023. Net sales totalled SEK 1,273 million (1,395).“The wood products market continued to be challenging in the fourth quarter. The main negative impact on earnings continues to be the combination of historically high raw material prices and low sales prices. For upcoming quarters, we have signed contracts with increased prices. Demand improved in the US and Asia, while underlying demand in Scandinavia and Europe remains weak,” says Marcus Westdahl, Setra’s CEO. In the summer of

    Period-end comment from Setra for Q3 2023

    Wood products company Setra has reported an operating profit of SEK 8 million (231) for the third quarter of 2023. Net sales totalled SEK 1,207 million (1,343).“The wood products market continued to be challenging in the third quarter. The main negative impact on earnings continues to be the combination of historically high raw material prices and falling sales prices. Demand developed favourably in the US and Asia during the quarter, while underlying demand in Scandinavia and Europe remains weak,” says Marcus Westdahl, Setra’s CEO. Linköping is gaining another sustainable building in

    Period-end comment from Setra for Q2 2023

    Wood products company Setra has reported an operating profit of SEK 10 million (564) for the second quarter of 2023. Net sales totalled SEK 1 368 million (1 792).“The market remained challenging in the second quarter, but the higher prices for the quarter have resulted in a better margin than was the case at the beginning of the year,” says Marcus Westdahl, Setra’s newly appointed CEO. “What has mainly affected the company negatively is weak consumption and the fact that costs are still high, especially for raw materials.” Higher price levels in the second quarter have partly compensated

    Focus on plant protection and sustainability during EU visit to Setra

    On Tuesday, wood industry company Setra hosted an EU delegation comprising the Chief Officers of Plant Health from the EU Member States.   “We are very pleased that we had the opportunity to host the EU visit and show the delegates around our sawmill and tell them how we work with traceability, legal requirements, certification and drying of the wood,” says Melanie Sjögren, Sustainability Manager at Setra.No fewer than 26 of the EU’s 27 Member States were represented by their respective Chief Officers of Plant Health and other European Commission staff, with the delegation totalling

    Period-end comment from Setra for Q1 2023

    Wood products company Setra has reported an operating loss of SEK -64 million (480) for the first quarter of 2023. Net sales totalled SEK 1,414 million (1,834).“The strong deliveries continued in the first quarter, but unfortunately with negative margins for Setra. This is mainly down to low prices and high raw material costs combined with higher electricity costs,” explains Setra’s CEO Katarina Levin. Prices picked up over the quarter, but not enough to compensate for the rising costs of raw materials, electricity and fuel. Activity in most markets was slightly better than expected,

    Pyrocell receives sustainability certification in accordance with ISCC

    Pyrocell's pyrolysis oil production has received sustainability certification in accordance with the international environmental certification system International Sustainability & Carbon Certification (ISCC).The fact that the pyrolysis oil is now ISCC certified means that it can be sold on export markets outside of Sweden. “It feels great that we have certified our production and product in accordance with ISCC,” says Pyrocell's Chairman of the Board Pontus Friberg. “This is proof that our pyrolysis oil meets high standards for sustainability and traceability throughout the entire

    New Setra CEO appointed

    The wood industry company Setra has appointed Marcus Westdahl as its new CEO. Marcus Westdahl is currently CEO of EFG European Furniture Group. He has held several other senior positions in the wood and paper industries over the past 20 years.Setra’s current CEO Katarina Levin informed the Board in October 2022 that she would leave her position for personal reasons in conjunction with the company’s Annual General Meeting in May 2023. Anders Källström, Chairman of Setra, explains the appointment of Marcus Westdahl as the new CEO.   “We are very pleased that Marcus Westdahl is taking

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