Setra reports improved results in Q2/2024, on higher prices and reduced fixed costs

The wood industry company Setra reports an operating profit of SEK 31 million (EUR 2.62 million) for the Q2 2024. Net sales amounted to SEK 1,370 million (EUR 115.68 million), compared to SEK 1,368 million (EUR 115.52 million) in the Q2 2023. During the Q2, higher sales prices and reduced fixed costs contributed to an improvement in results compared to the same period last year. However, the timber price level continues to rise, putting pressure on Setra’s margins. “Despite expected increases in sales prices during the last quarter, the weak economic conditions ...