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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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    Declaration of intent regarding the sale of Vimmerby sawmill

    Setra has signed a declaration of intent with Bergs Timber AB regarding the sale of Vimmerby sawmill.“Setra Vimmerby’s integration with Setra’s other production units as regards raw material supply and market concept is not particularly high. It is therefore logical to seek other ownership structures for this unit,” says Hannele Arvonen, President and CEO of Setra.   Setra Vimmerby, which is one of wood products company Setra’s twelve production units, has some 50 employees. The sawmill conducts production of sawn wood products in Vimmerby municipality and is located about 40

    Setra takes a holistic approach to sustainability issues

    Setra’s Environmental Manager, Charlotte Thedéen, has been appointed as the company’s Sustainability Director and will have overall responsibility for the staff functions Environment, HR and Communications.“Sustainability issues are strategic to our business. Our success in further highlighting these will be decisive for our continued development and long-term competitiveness,” says Hannele Arvonen, President and CEO of Setra. “Under Charlotte Thedéen’s leadership we are now taking a holistic approach to the sustainability issues that are most significant for us and further coordinating

    Setra reports strong second quarter

    Wood products company Setra reports an operating profit of SEK 76 million (88) for the first half of 2016. Net sales totalled SEK 2,188 million (2,270). Operating profit for the second quarter amounted to SEK 67 million (64) and net sales reached SEK 1,160 million (1,229).“The market for wood products continued to develop in a positive direction during the second quarter. We can see a significantly better balance in the market, particularly for whitewood products. We report an operating profit for the second quarter of SEK 67 million which is a strong result in the current market situation,”

    Setra sells Plusshus subsidiary

    Setra has recently reached an agreement with Derome on the sale of its subsidiary, Setra Plusshus.“Setra’s Plusshus subsidiary with its concept for industrial-scale construction of wooden buildings has developed well in a growing market for building in wood. To ensure the next stage and continued positive development, Setra has concluded that this should take place together with an owner which has wooden building construction as its core business,” says Hannele Arvonen, President and CEO of Setra. “Setra’s role is to be a strategic partner to a wooden building company. We are very

    Interim report January – March 2016: Improved market situation

    Wood products company Setra reports an operating profit of SEK 9 million (24) for the first quarter of 2016. Net sales totalled SEK 1,028 million (1,041).“The lower earnings compared with the first quarter in the previous year was mainly explained by lower selling prices. The market for wood products improved somewhat during the first quarter. We see a considerably better balance for whitewood products and a slight improvement for redwood, although there are still large stocks of redwood products at producers. Price increases could be implemented in local currency in a number of markets,”

    Setra builds new log feeder at Kastet sawmill

    Setra has decided to commission Gösta Hedlund AB to install a new log feeder at Kastet sawmill in Gävle. The new log feeder is expected to be in place during autumn 2016.The investment in a new log feeder at Setra Kastet will secure Kastet’s current production level while enabling continued good development of the business. “The investment at Setra Kastet is intended to further improve efficiency at a well-performing unit and at the same time strengthen Setra’s long-term competitiveness,” says Jonas Björnståhl, Setra’s Production Director. In parallel with the investment in the new

    Improved cash flow despite lower earnings

    Setra reports an operating profit of SEK 47 million (201) for the full year 2015. Operating profit includes discontinuation costs of SEK 19 million. Net sales totalled SEK. 4,218 million (4,194). Cash flow from operating activities amounted to SEK 274 million (112).“The market for wood products continued to be characterised by uncertainty in the fourth quarter. A continued imbalance between supply and demand for wood products led to price reductions in our main markets. As a result of the current market situation, particularly in North Africa, we decided to introduce production cutbacks in

    Setra guards against uncertain market situation

    Wood products company Setra is making production cutbacks at three redwood sawmills during the fourth quarter to guard against the uncertain market development in North Africa.“In the current more turbulent situation, in the North African markets in particular, our assessment is that a market adjustment of the production level is necessary,” says Olle Berg, Market & Business Development Director at Setra. “Our biggest concern is the present shortage of foreign exchange in Egypt and in the current situation we do not see any immediate solution to the problems this causes. It mainly

    Jonas Fintling new Mill Manager at Setra Hasselfors

    Jonas Fintling, who previously worked at Setra, is now back and has taken up the position of Mill Manager at Setra Hasselfors.Jonas Fintling has long and extensive experience of the industry. Between 2001 and 2010 he worked at Setra, among other things as Technical Manager responsible for major investment projects. Most recently he was responsible for waste management at Örebro municipality. He took up his position as Mill Manager in mid-September, taking over from Maria Granath. “It feels like coming home. I have really missed the buzz of production and most of all the wood products

    Interim report from Setra

    Setra reports an operating profit of SEK 78 million (192) for the period January-September 2015. Discontinuation costs for the planing mill in Valbo amounting to SEK 21 million were recognised in the third quarter. Net sales totalled SEK 3,232 million (3,162).“Demand for wood products has been stable during the first nine months of the year but increased production has led to oversupply and a price fall in local currencies in our main markets. We assess the market situation as highly uncertain going forward. Increased problems over access to foreign currency in Egypt and questions about

    Setra Rolfs to streamline

    Setra is to invest SEK 15 million in productivity enhancing measures at the Setra Rolfs sawmill in Kalix in northern Sweden. At the same time, the production focus will be specialised and adapted to market demands which will result in a lower processing volume and a transition to single shift working.In order to develop operations and strengthen competitiveness, Setra is carrying out productivity enhancing investments of approximately SEK 15 million at the Rolfs sawmill in Kalix. At the same time, production will be adapted to the market, resulting among other things in a lower processing

    Setra to streamline and further develop processing business

    The wood products company Setra is to streamline and further develop its processing business in order to strengthen long-term competitiveness. Setra will invest in the processing unit in Skutskär to meet new customer demands. Negotiations will be initiated under the Co-determination at Work Act (MBL) on closure of the planing mill in Valbo.“In order to optimise the flows in each business – from raw material to customer – we will have more efficient production in fewer units and increase our total capacity utilisation,” says Hannele Arvonen, President and CEO of Setra. “A new structure,

    Interim report from Setra: Internal efficiency improvements contribute to strong cash flow

    Wood products company Setra reports an operating profit of SEK 88 million (165) for the six-month period January-June 2015. Net sales totalled SEK 2,270 million (2,258).“Demand for wood products has been relatively stable during the first six months of the year but increased production has led to excess supplies and a price fall in local currencies in our main markets. The decline in prices was compensated to some extent by the weaker Swedish krona. The negative trends in the market strengthened slightly towards the end of the period,” says Hannele Arvonen, President and CEO of Setra. “

    Setra to invest in Malå sawmill

    Setra will upgrade the trimmer at Malå sawmill during the autumn. The investment includes totally new machinery, a new cutting system and the installation of automated sorting. The saw line will also be equipped with a new control system.“This investment will enable us to raise our productivity at the same time as we adjust to future requirements on the product we work with,” says Rickard Westerberg, Manager of Setra Malå. “We will rebuild large parts of the trimmer with new machines and control systems at the same time as we convert to automated sorting. The equipment we have today

    Setra Färila invests in new sawmill equipment

    Setra has decided to invest in technology at the Färila sawmill in order to further strengthen competitiveness. The decision has now been made that AriVislanda will be the main supplier of the new equipment.In October 2015 the sawmill machine manufacturer AriVislanda will supply new sawmill equipment with a control system from RemaSawco to Setra’s sawmill in Färila. The machinery will go into operation in stages during the autumn and the sawmill is expected to return to its present production level by the end of November. “We chose AriVislanda and RemaSawco as suppliers because their

    Setra invests in Kastet sawmill

    Setra has decided to invest in a new sawmill infeed system and a new progressive kiln at Kastet sawmill in Gävle. The new technology is expected to be in place during 2016.The investment in a new sawmill infeed system at Setra Kastet will guarantee Kastet’s current production level and at the same time allow a continued good development of these operations. “This investment in Setra Kastet is intended to further improve efficiency at a high-performing unit and at the same time strengthen Setra’s long-term competitiveness,” says Jonas Björnståhl, head of the Sawn Wood Products business

    Setra’s interim report for January-March 2015

    Wood products company Setra reports an operating profit of SEK 24 million (67) for the first quarter of 2015. Net sales for the quarter totalled SEK 1,041 million (1,065).“The uncertain market situation in autumn last year continued during the first quarter. Increased production of wood products has led to a build-up of stocks at producers. This has resulted in a price fall for our products which was compensated to some extent by the weaker Swedish krona,” says Hannele Arvonen, President and CEO of Setra. “We continue to focus on the things that we can influence and can confirm that our

    New names at Setra

    Anders Marklund will be Setra’s new CFO. He has been acting CFO since October 2014. Michael Lindholm has taken up the position of new Purchasing Manager. Three new positions have been appointed within the marketing organisation for building products.Anders Marklund has worked with finance and accounts within Setra since 2005. Prior to his role as acting CFO he was Group Controller. “I am very pleased that Anders will now be permanent in the role of CFO. Anders has long and extensive experience and since the autumn has also had a key role in the strategy work currently underway,” says

    Setra year-end report 2014

    Wood products company Setra reports an operating profit of SEK 201 million (107) for 2014, an earnings improvement of SEK 94 million compared with 2013. Net sales for the full year amounted to SEK 4,194 million (4,068).“A positive market situation during most of the year and favourable currency effects are the key explanations for Setra’s positive earnings development. We focus on the things that we can influence and implement efficiency measures to improve our long-term competitiveness. As part of these efforts, we made investments in technology at the Färila and Nyby sawmills during the

    New Plusshus orders worth SEK 100 million

    During the autumn, Setra Plusshus received new orders for terraced housing developments in Greater Stockholm worth a total of SEK 100 million.The new agreements signed this autumn relate to three groups of terraced housing in Bagarmossen, Vendelsö and Vällingby. Of the total order value of SEK 100 million, over one-third is already called off for production. “We note that our customers, who are primarily found in metropolitan areas such as Stockholm and Oslo, understand that industrial-scale and climate-smart wood construction can make a resource-efficient contribution to housing

    Setra’s interim report for January-September

    Wood products company Setra reports an operating profit of SEK 192 million (60) for the period January-September 2014. This corresponds to an operating margin of 6.1%. The return on operating capital amounts to 14.8% for the past twelve-month period.“We are focusing on those things we have control over. The improvement in earnings is explained by our internal efficiency measures to improve long-term competitiveness combined with market and currency developments,” says Hannele Arvonen, President and CEO of Setra. Cash flow from operating activities for January-September amounted to SEK

    Stefan Lundin resigns as CFO of Setra

    CFO Stefan Lundin is leaving Setra.“Stefan has made significant contributions which have taken Setra to its present position as one of Sweden’s leading wood products companies,” says Hannele Arvonen, President and CEO of Setra. “We are currently at a phase where we are discussing strategies for Setra’s future development and here we lack consensus on key directional issues. Together we have therefore reached the conclusion that it is best to go our separate ways,” says Arvonen. Stefan Lundin has been CFO of Setra since autumn 2003, when Setra was formed through a merger between

    Harald Nylinder new Mill Manager of Setra Skinnskatteberg

    Harald Nylinder has been appointed as the new Mill Manager of Setra’s sawmill in Skinnskatteberg.Harald Nylinder has been appointed as the new Mill Manager of Setra Skinnskatteberg. He takes over from Hans Liljeström who on 1 September took up the position of Mill Manager of the combined sawmill and processing unit Setra Rolfs, outside Kalix. Harald Nylinder, who has Master of Forestry Degree and a degree in Economics, started his journey with Setra as a trainee in 2011. After completing his trainee programme, Harald worked as a product and production developer, product manager and

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