Sweden’s Setra’s Q2 net sales down 23.7%

Swedish wood products company Setra has reported an operating profit of SEK 10 million ($976,562) for the Q2 2023. Net sales totalled SEK 1 368 million ($130 million), compared to SEK 1 792 million ($175 million) in Q2 2022. “The market remained challenging in the second quarter, but the higher prices for the quarter have resulted in a better margin than was the case at the beginning of the year,” says Marcus Westdahl, Setra’s newly appointed CEO. “What has mainly affected the company negatively is weak consumption and the fact that costs are still high, especially for ...