The Bergs Group’s net sales for the 1Q 2022 amounted to SEK 910 million ($92.5 million), compared to SEK 593 million ($60.2 million) in the 1Q 2021. The increase of SEK 317 million ($32.2 million), corresponding to 53%, is attributable primarily to higher sales prices for products in Sawn Wood and higher sales volumes in Joinery. Higher sales prices in Wood Protection contributed positively.
1Q 2022 EBITDA increased to SEK 82 million ($8.3 million), which corresponds to an EBITDA margin of 9%. Higher sales prices in Sawn Wood compensated higher raw material costs in Wood Protection. Higher volumes in Joinery and higher margin in the pellet business contributed positively.
Operating profit amounted to SEK 61 million ($6.2 million), which corresponds to an operating margin of 6.7%.
Profit for the 1Q 2022 amounted to SEK 63 million ($6.4 million), compared to SEK 53 million ($5.4 million) in the 1Q 2021.
“The 1Q of the year developed in line with our expectations. Seasonally lower deliveries and increased raw material costs for Wood Protection were largely offset by the result from Sawn Wood and a strong development for Joinery. Demand and order intake for our product areas remained good,” said Peter Nilsson, President and CEO.
The Bergs Group consists of independent subsidiaries that develop, produce and market processed wood for various applications.
