Market improvement could come in spring, says Sweden’s Bergs

Swedish wood products manufacturer Bergs says 2022 was a decent year despite the weak timber market in the final six months of the period. For the full year, Bergs posted EBITDA of SEK331m compared to SEK503m in the previous year. Net sales amounted to SEK3.26bn (2021:SEK3.05m) The last quarter of the year was affected by the deteriorating wood product market, with net sales decreasing to SEK640m compared to SEK790m in the previous year, mainly because of lower sales prices and sales volumes within the Wood Protection and Sawn Wood divisions. Q4 EBITDA amounted to ...