Setra reported an operating loss of SEK 622 million (68 million) for the full year 2025, widening from a loss of SEK 216 million (23.6 million) in 2024, due to a challenging market situation for the mechanical wood industry and a significantly strengthened Swedish krona.
Net sales for the year amounted to SEK 5,619 million (613 million).
The result was driven by an unfavorable ratio between finished goods prices and raw material costs, which did not allow for a sufficient contribution margin to ensure long-term profitability. A continued weak construction market led to lower demand for cross laminated timber and wood components.
In response, the company carried out extensive production adjustments within its Building Solutions and Components business area, as prospects for a rapid demand increase were considered limited. These changes led to a partial impairment of fixed assets to reflect their recoverable value. Production adjustments were also implemented at several of the Group's sawmills to align output with prevailing market conditions.
To strengthen long-term competitiveness, Setra launched a comprehensive improvement programme during the year aimed at reducing fixed costs by SEK 100 million (10.9 million). The programme exceeded expectations, sustainably improving Setra's cost base by SEK 109 million (11.9 million) per year, with an additional SEK 58 million (6.3 million) in one-off effects realized.
In October, the company signed an agreement with HS Timber Group AG regarding the sale of the sawmill in Malå, Sweden. The transaction is expected to be completed during the first half of 2026.
Setra is one of Sweden’s largest wood industry companies.
