Genom att använda setragroup.com accepterar du vår användning av cookies. Personlig integritet är viktigt för oss vilket innebär att dina personuppgifter alltid hanteras på ett ansvarsfullt sätt. Läs vår integritetspolicy

OK

2021-10-19

Period-end comment from Setra Q3 2021

Wood products company Setra has reported an operating profit of SEK 600 million (-3) for the third quarter of 2021. Net sales totalled SEK 1,565 million (840).

“In Q3 we see wood product prices reaching a peak at a level that has produced historically high profitability. At the same time, consumption has continued at a good level,” says Setra CEO Katarina Levin.

Setra is reporting a significant earnings improvement of SEK 1,163 million January to September in 2021, compared with the previous year.

In early September, Pyrocell started production in Gävle; Sweden’s first pyrolisis oil plant for biofuels. The new and groundbreaking factory is turning sawdust into bio-oil. Jointly owned by Setra and Preem, Pyrocell was formed in 2018 based on the business concept of producing bio-oil from sawdust.

In July it was announced that Setra is investing in a new saw line for small-diameter logs at the sawmill in Skinnskatteberg. The investment, which will produce major efficiency improvements, is an important step in Setra’s construction strategy and enables concentrated, highly efficient production in a safe working environment in the small-diameter log range in Setra’s southern raw material area.

Cash flow from operating activities amounted to SEK 571 million (-11) in the third quarters, and for the first nine months amounted to 1,009 (392). Net cash totalled SEK 530 million (230) at the end of the period.

Key figures* Jul–Sept (3 months) Jan–Sep (9 months)
2021 2020 2021 2020
Net sales, SEKm 1,565 840 4,278 3,043
Operating profit/loss, SEKm 600 -3 1,219 56
Profit/loss after tax, SEKm 473 -7 958 29
Operating margin, % 38.3 -0.4 28.5 1.8
Return on operating capital, %, RTM 70 -1.8
Cash flow from operating activities, SEKm 571 -11 1,009 392

*Setra does not publish a complete period-end report.

Contact Us

How can we help you?