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  • Lovisa Krebs

    Communication Manager


    +46 8 705 03 17
    +46 70 948 06 60
    http://www.setragroup.com/
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    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

    Period-end comment from Setra for Q4 2022

    Wood products company Setra has reported an operating loss of SEK -69 million (369) for the fourth quarter of 2022. Net sales totalled SEK 1,395 million (1,563).“The wood products market continued to weaken during Q4 in terms of the general price level, while demand improved, which reduced our stocks to a normal level. However, low prices combined with rising costs have further weakened our margins during this quarter,” says Katarina Levin, Setra’s CEO. Despite the difficult global economic situation, Setra is positive about the future of wood product consumption, in both the medium and

    Setra launches partnership with Vasakronan

    Setra has been commissioned to supply locally produced cross-laminated timber and glulam for the Lumi district in Uppsala. There, Vasakronan is transforming a 1970s concrete building into state-of-the-art and more sustainable office space.Setra’s deliveries started in December and amount to a total of 1,200 cubic metres. The project involves six beams made of cross-laminated timber for new floors in three blocks, a new atrium linking the buildings with footbridges made of cross-laminated timber, and glulam for the roof structure of the atrium. “This is the first time we’ve worked with

    Period-end comment from Setra for Q3 2022

    Wood products company Setra has reported an operating profit of SEK 231 million (600) for the third quarter of 2022. Net sales totalled SEK 1,343 million (1,565).“As expected, the wood products market has weakened worldwide in Q3. Delivery volumes and prices have been squeezed while costs of raw material and inputs have increased. But although uncertainty remains regarding economic developments, we are seeing growing activity in our deliveries in the latter part of Q3,” says Setra CEO Katarina Levin. Wood is continuing to rapidly take market share from other construction materials in

    Katarina Levin resigns as CEO of Setra

    Setra's CEO Katarina Levin leaves her position at Setra's Annual General Meeting in May 2023."After careful consideration, I have decided to leave my role as CEO. It is all due to personal reasons, I simply wish to manage my time more freely. The board has been notified of my decision and I intend to fulfill the CEO assignment until May 2023", says Katarina Levin.Katarina Levin assumed her position on January 1, 2020. It has been a time marked by the covid pandemic and an extreme increase in demand during 2021 and the beginning of 2022."With Katarina, Setra has had a fantastically

    Setra supplies timber frame for new Electrolux development Greenhouse Sthlm

    Setra has been commissioned to supply locally produced CLT and glulam for the first phase of Greenhouse Sthlm, a climate-smart development by Electrolux on Kungsholmen in Stockholm. The contract is for around 5,000 cubic metres of CLT and 600 cubic metres of glulam, which will be manufactured at the Setra Timber Industry Centre in Långshyttan, Dalarna. Deliveries are set to begin in 2023.Electrolux is expanding its headquarters in central Stockholm over the next few years. Under the name Greenhouse Sthlm, the entire block will be transformed into a greener and more sustainable neighbourhood,

    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,

    Setra first in Sweden with moisture protection for cross-laminated timber (CLT)

    The timber industry company Setra is the first business in Sweden to offer a new moisture protection for frames made from cross-laminated timber. The protection is applied directly in the production facility and simplifies the construction process.“Having to take into account the weather and humidity is a constant issue in the construction industry, regardless of the material being used. We are very pleased to be able to offer an effective solution that makes work easier at construction sites and makes it even easier to build with wooden frames,” says Theres Jansson, CLT salesperson at

    Period-end comment from Setra for Q1 2022

    Wood products company Setra has reported an operating profit of SEK 480 million (177) for the first quarter of 2022. Net sales totalled SEK 1,834 million (1,184).Setra is reporting a boost in earnings of SEK 303 million in Q1 2022 compared with the same period last year. This increase was largely due to high selling prices as a result of strong market development. “The healthy demand and robust price levels we have seen in the first quarter look like they’re continuing in Q2. Our employees deserve huge praise for the level of responsibility they demonstrate every day. The challenges of

    Period-end comment from Setra Q4 2021

    Wood products company Setra is reporting operating profit of SEK 1,588 million (117) for 2021. Net sales totalled SEK 5,841 million (4,131). The company generated operating profit of SEK 369 million (61) for the fourth quarter, with net sales of SEK 1,563 million (1,088).“At the start of Q4, the wood products market was very hesitant and prices saw a significant downturn. However, they stabilised at a relatively high level and contract activity finished strongly ahead of Q1 2022,” says Katarina Levin, Setra’s CEO. 7 December saw the official opening of Pyrocell’s factory adjacent to

    Setra makes major investment in Bergslagen to expand drying capacity at the sawmills in Heby and Hasselfors

    Setra is expanding drying capacity at Heby and Hasselfors – a decision taken by the Board of the wood products company at its latest meeting.    “The investment is part of the development strategy for Setra in Bergslagen,” explains Setra’s CEO Katarina Levin.The investment in both high-capacity drying kilns totals SEK 100 million.“The new drying kilns will enable us to improve value optimisation and boost efficiency, which will strengthen Setra’s competitiveness,” says Jonas Fintling, Mill Manager Setra Hasselfors.Setra Heby’s Mill Manager Jan-Erik Vik agrees, adding that the

    Setra invests in Malå to double its production

    Setra is doubling production at its facility in Malå, Västerbotten – a decision taken by the Board of the wood products company at its latest meeting.    “The investment will provide a real boost for Malå and the wider region, while also making Setra as a whole more competitive,” says Setra’s CEO Katarina Levin.Setra’s Board has decided to invest around SEK 390 million in the Malå sawmill, which will increase production in the first phase from the current 160,000 m3 per year to 350,000 m3 per year.“It’s incredibly positive for the Board to greenlight this modernisation programme for the

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