Setra’s Q1 earnings boosted by higher prices and strong market
Swedish wood products company Setra has reported an operating profit of SEK 480 million or EUR 46 million (Q1/2021: SEK 177 million or EUR 17 million) for the first quarter of 2022. Net sales totalled SEK 1,834 million or EUR 176 million (Q1/2021: SEK 1,184 million or EUR 113 million). Setra is reporting a boost in earnings of SEK 303 million (EUR 29 million) in Q1 2022 compared with the same period last year. This increase was largely due to high selling prices as a result of strong market development. ...
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