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 of CLT and component products in Långshyttan. The decision was made to ensure the company's long-term economic sustainability, and we will begin to see the positive effect in Q4 2025, says Marcus Westdahl, CEO and Group President of Setra Group. In 2024, Setra also initiated an internal efficiency programme focused on reducing fixed costs, and we have seen measurable effects in Q1, which will be further strengthened throughout the year.
Investment activities have progressed according to plan during the quarter, with continuous production in the new saw line in Malå and continued ramp-up of the small log line in Skinnskatteberg.
| Key Figures* | Jan-Mar (3 months) | |||||
| 2025 | 2024 | |||||
| Net sales, MSEK | 1536 | 1158 | ||||
| Operating profit/loss, MSEK | -75 | -95 | ||||
| EBITDA | -23 | -48 | ||||
| Profit/loss after tax, MSEK | -67 | -81 | ||||
| Operating margin, % | -7 | -11 | ||||
| Return on operating capital, %, RTM | ||||||
| Cash flow from operating activities, MSEK | 149 | -226 | ||||
*Setra does not publish a complete quarterly report.
For further information, please contact:
Marcus Westdahl, Group CEO, phone +46 8 705 03 75, mobile +46 73 098 14 00
Johanna Lindén, CFO, phone +46 8 705 03 03, mobile +46 70 614 73 59
At Setra, we believe in “Grönsamhet”. When a business is profitable for everyone, we call it Grönsamhet – Green profit. Setra is one of Sweden’s largest wood industry companies. We process raw material from responsibly managed forests into climate-friendly products such as glulam, planed products, components, CLT and sawn wood products. We also sell bioproducts such as bark, chips and sawdust to customers in the paper and pulp industry, and for energy production. Our customers are located all over the world. Find out more at setragroup.com