The company’s operating profits for 2006 was SKr257m, up SKr362m on the previous year. Net sales rose to SKr5.84bn from SKr5.37bn, primarily due to increased prices.
“The market was strong which provided scope for a very favourable price development,” said president and CEO Kent Torwald.
“But the earnings improvement is also a result of extensive work within Setra with a sharpened business focus through efficiency enhancements and efforts related to both costs and revenues,” he added.
Setra said it planned to concentrate its resources on increasing the value-added element of its wood products.
“Although the market will probably not experience the same exceptional price rises as in 2006, the overall assessment is that market conditions will remain favourable during the current year,” Mr Torwald added.
