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 continues to focus on efficiency and cost control to optimize our production given the current conditions," says Marcus Westdahl, CEO of Setra Group.
Investment activities have progressed according to plan during the quarter with the first log through the new saw line in Malå and continued ramp-up of the small timber line in Skinnskatteberg.
| Key Figures* | Oct-Dec (3 months) | Jan-Dec (12 months) | ||||
| 2024 | 2023 | 2024 | 2023 | |||
| Net sales, MSEK | 1376 | 1273 | 5182 | 5262 | ||
| Operating profit/loss, MSEK | -101 | -191 | -215 | -237 | ||
| Profit/loss after tax, MSEK | -102 | -157 | -217 | -194 | ||
| Operating margin, % | -7,3 | -15 | -4,1 | -4,5 | ||
| Return on operating capital, %, RTM | -8 | -10 | ||||
| Cash flow from operating activities, MSEK | 111 | 127 | -237 | 337 | ||
*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