|  
Roundwood/Sawnwood» More news on Roundwood/Sawnwood

Setra Group increases operating result by 147 %

12.07.2018 − 

Following an increase of 179% in the first quarter, the Swedish Setra Group again posted a three-digit percentage increase in operating profit for the second quarter. At Skr 141m, earnings were 147% higher than in the same quarter of the previous year.

 

As in the previous quarter, it was also possible to implement higher sales prices on the softwood markets in the reporting period. A higher sales volume reinforced the effect even further. Sales increased by 14.3% to Skr 1.229 billion and net income improved by 158% to Skr 111m.

According to the company, timber production in the second quarter totalled 518,000 m³, an increase of around 9.5 % over the previous year.

Tags of this news:

previous − Conifex has completed sawmill takeover

High risk of forest fire slows down logging in Sweden  − next