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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 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

    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 invests in Malå and Färila

    During autumn 2015, Setra will make technology investments at the sawmills in Malå and Färila in order to further strengthen competitiveness.At Setra Malå the investment involves upgrading the trimmer and includes a camera for automated sorting and a new control system. Exactly as at Setra’s sawmills in Färila and Nyby, where similar investments were made in 2014, the goal is to improve the efficiency of timber sorting with more consistent quality, lower production costs and improved flexibility to meet customer demands. At Setra Färila the investment includes a saw line and sawing

    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

    New trimmer inaugurated at Setra Nyby

    Last week, Thursday 18 September, the new trimmer at the Setra Nyby sawmill was inaugurated. New machinery, a new cutting system and installation of automated sorting have adapted the sawmill to meet the demands of the future.Hannele Arvonen, President and CEO of Setra, formally inaugurated the trimmer at lunch time together with Karl Pontus Larsson, Manager of Setra Nyby. More than 80 people – including employees, media and industry representatives – attended the inauguration which ended with a tour of the sawmill“We are extremely pleased that the new trimmer is in place. Now we will be

    New trimmer inaugurated at Setra Färila

    The new trimmer at the Setra Färila sawmill was inaugurated yesterday, Thursday 3 July. Newly installed scanner technology will improve the efficiency of timber sorting which will provide more consistent quality, reduced production costs and strengthened competitiveness.Wood products company Setra made a decision to invest in automated sorting at the Färila sawmill at the beginning of September 2013. Less than ten months later the new trimmer is ready. The inauguration took place at lunch time yesterday, Thursday 3 July. “We have now strengthened Färila’s future competitiveness through

    Hans Liljeström new Mill Manager of Setra Rolfs

    Hans Liljeström, currently Manager of Setra's sawmill in Skinnskatteberg, will take over as Mill Manager of Setra Rolfs on 1 September."Hans Liljeström is an experienced and target-driven leader with considerable technical expertise and many years' experience of the sawmill industry. He is used to managing change programmes and will contribute to the positive development of Setra's most northerly sawmill," says Jonas Björnståhl, head of the Sawn Wood Products business area. Hans Liljeström has long and sound experience of the industry. He joined Setra in 2008 as head of the company's

    New mill manager of Setra Vimmerby

    Patrik Larsson has been appointed as the new manager of Vimmerby sawmill.“Patrik Larsson is a results-oriented leader with long and solid experience of sawmills. He has in-depth knowledge of Setra’s operations and the right profile to take over the baton and work with the further development of Vimmerby into a profitable sawmill over time,” says Jonas Björnståhl, head of the Sawn Wood Products business area. Patrik is 41 and has worked at Setra Vimmerby since 1994 in a number of different roles, both operationally and as a leader. He will take up his new position on 24 March when the

    Setra invests in Nyby sawmill

    Setra has decided to upgrade the existing trimmer at Nyby sawmill. The investment includes brand new machinery, a new cutting system and installation of automated sorting. The investment is part of the efficiency improvement programme underway at Setra designed to further strengthen the wood products company’s competitiveness.“With this investment we will be able to raise our productivity while adapting to future demands for the product we work with,” says Karl Pontus Larsson, Mill Manager at Nyby sawmill. “We will rebuild large parts of the trimmer with new machines and control systems

    Strong earnings improvement for Setra

    Setra reports an operating profit for 2013 of SEK 107 million (-80), an earnings improvement of SEK 187 million compared with 2012. Net sales for the full year were unchanged and amounted to SEK 4,068 million (4,069).“I am pleased to note that the positive earnings trend shown by Setra during the year continued in the fourth quarter with a reported operating profit of SEK 47 million,” says Hannele Arvonen, President and CEO of Setra. The improved earnings compared with the previous year are mainly explained by a higher gross profit margin. Aggressive marketing combined with an internal

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