“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.
