Challenging market conditions lower profits for Swedish Setra
Swedish wood products company Setra has reported an operating profit of SEK 95 (287) million for the period January-September 2019. Net sales totalled SEK 3,262 (January-September 2018: 3,325) million. There was an operating loss for the third quarter of SEK -22 (January-September 2018: 54) million, with net sales of SEK 879 (January-September 2018: 966) million. "We're reporting an operating loss of SEK -22 million, which is SEK 76 million lower than last year. The poorer results are mainly attributable to lower sales prices in combination with higher wood prices and lower ...
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