Wood products company Setra has reported an operating loss of SEK -95 million ($8.7 million) for the Q1 2024. Net sales totalled SEK 1,158 million ($106 million), compared to SEK 1,414 million in the Q1 2023.
“The sawmill industry remains in a difficult situation, with high timber prices and weak construction activity. Ongoing investments, combined with a cold and prolonged winter, have affected the production volume negatively. As a result of having a well-balanced market mix, Setra has no difficulty finding purchasers for what we produce and we expect to see increasing sales prices in the coming quarters,” says Marcus Westdahl, CEO of Setra.
Cash flow from operating activities in the Q1 2024 amounted to SEK -226 million ($2.4 million).
Setra is one of Sweden’s largest wood industry companies.
