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July 19, 2024

Sveaskog’s reports higher profits for Q2/2024 on rising timber prices

Sveaskog's  interim report for the first half of 2024 shows an eight percent increase in operating profit compared to the same period last year. High timber prices have compensated for reduced harvesting. Swedish forestry is undergoing a transition towards more varied forestry practices, writes Sveaskog in its interim report. The company is working to find a balance between supplying raw materials to the industry and allocating areas for conservation interests. The operating profit for January to June 2024 amounted to 1,092 million SEK, an increase of eight percent compared to the same period in 2023 (1 ...

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