Net sales for the period totalled SEK1.39bn (2021 Q4: SEK1.56bn).
“The wood products market continued to weaken during Q4 in terms of the general price level, while demand improved, which reduced our stocks to a normal level,” said Katarina Levin, Setra’s CEO.
“However, low prices combined with rising costs have further weakened our margins during this quarter,” says Katarina Levin, Setra’s CEO.
Despite the difficult global economic situation, Setra says it is positive about the future of wood product consumption, in both the medium and long term.
The increasing use of wood products in construction-related sectors, driven by a focus on sustainability, means that wood products continue to capture market share from other materials, while global production of wood products is not growing at the same rate, mainly due to the limited availability of raw material.
At the beginning of last October, Setra announced that the company’s President and CEO Katarina Levin will leave her position at Setra’s Annual General Meeting in May 2023 for personal reasons. The recruitment process to find Katarina’s successor is ongoing and is expected to be completed in time for the AGM.