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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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    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. “

    Positive earnings trend continues

    Setra reports an operating profit of SEK 165 million (33) for the first half of 2014. This corresponds to an operating margin of 7.3% and a SEK 132 million improvement in earnings compared with the same period in 2013.“The positive earnings trend is a combination of a more favourable market situation and completed internal measures which resulted, among other things, in higher yield and an improved quality mix,” says Hannele Arvonen, President and CEO of Setra. The SEK 132 million improvement in earnings includes currency effects of SEK 15 million. Operating profit, calculated on a

    Positive second quarter for Setra

    Setra reports an operating profit of SEK 59 million (29) for the second quarter, which corresponds to an operating margin of 5%. Operating profit for the first half of the year amounted to SEK 33 million (2).“We report an operating margin of 5% for the second quarter which, taking into account the present economic situation and the strengthening of the Swedish krona during the year, must be regarded as acceptable,” says Stefan Lundin, Acting CEO, and CFO of Setra. “The improved earnings compared with the previous year are mainly explained by a stronger gross margin and lower fixed costs.

    Positive operating result for Setra

    Setra reports an operating profit of SEK 29 million (40) for the second quarter of 2012. Operating profit for the first half of the year was SEK 2 million (-8). Net sales for the period April-June amounted to SEK 1,172 million (1,324) and SEK 2,237 million (2,426) for the period January-June.“In view of the current strained market conditions for the Swedish sawmill industry, it is highly gratifying to be able to report a positive operating result,” says Börje Bengtsson, President and CEO of Setra. “Operating profit for the second quarter amounted to SEK 29 million. “Above all, it is our

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