The company’s mills produced 1.2 million m3 in 2012, compared with 1.5 million m3 the year before, however, it could not prevent going into the red from SKr45.8m earnings in 2011.
"The market for sawn timber was weak which, together with continued high commodity prices, has pushed profitability. The raw material situation has been stable," the company said.
Continued weak demand and poor margin would hamper profitability in 2013, a statement said.
"Several sawmills have closed or significantly reduced production. A certain improvement in the US and Asia we think will improve earnings in 2013, but the underlying demand, we believe, will be too low."
