Swedish wood products giant Setra recorded a SKr27m operating loss for the first quarter. The result was an improvement from the SKr48m loss posted a year ago. Net sales were stable at SKr1.065bn (2011: SKr1.1bn). Setra president and CEO Börje Bengtsson said the results exceeded the company’s expectations and he was pleased the quarter ended on a positive note with a clear profit showing for March. “Nothing dramatic has happened but we note a slight improvement in all markets, ” he said. Volumes are increasing, market prices are slowly rising and at the same time raw material prices have stabilised at a slightly lower level. ” Mr Bengtsson said the order situation ahead was “favourable”, while Setra viewed continued market development with cautious optimism. Source: ttjonline
Source:
http://www.ttjonline.com/story.asp?sectioncode=17&storycode=70516&c=2
