European wood products manufacturer Bergs Group predicts continued market volatility for softwood lumber products after posting positive Q1 financial results. Bergs recorded group net sales of SEK910m in Q1 2022 (Q1 2021: SEK593m) and SEK3.05bn net sales for the full year 2021. EBITDA in Q1 were SEK82m (Q1 2021: SEK65m) and SEK503m for the full year 2021. Higher sales prices in lumber compensated higher raw material costs in wood protection, while higher volumes in joinery and higher margins in the pellet business contributed positively. ...
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