Swedish sawmilling company Setra plans to cut back production by 20% over coming months in response to declining demand, primarily in Central Europe and the UK.  Setra reported considerable uncertainty in the market and said its cutback in production would be via the implementation of furloughs.  The company also reported a Q1 operating profit of SEK12m (2018 Q1: SEK83m) and net sales totalling SEK1.09bn (2018 Q1: SEK1.1bn). The Q1 result was attributable to high delivery levels coupled with rising selling prices.  “Earnings for the first quarter have slightly exceeded expectations ...