Sodra Timber Is Working Hard to Reverse The Negative Trend in Its Business

Sodra Timber says it is working hard to reverse the negative trend in its business. Sodra Group acting CEO Gunilla Saltin outlined the company's position and efforts at its annual general meeting. "Now that we have been seeing negative results for such a long time, extraordinary efforts are required, " she said. "We are mustering all our available resources so as to completely screen all expenses at all sawmills and propose measures in order of priority. "Stoppages will not reduce expenses. Therefore, we have reversed the decision we made to implement stoppages in the summer. "We now have an organisation in place which is working hard to focus on the most important thing: Reversing the trend at Sodra Timber. " She said market conditions contributed to a very weak result of -SKr307m last year, and profitability had not improved over the first four months of the year. The accumulated result for the period January to April stands at -SKr108m. "In a situation such as this, it is natural for the CEO to throw open his or her position and hand over to someone else, " she added, referring to the departure of former Södra Timber CEO Peter Nilsson. "We need to focus on the profitability of the sawmills. " Hakan Svensson is now acting CEO of Sodra Timber and has put together a team to work on increasing income and reducing costs. Source: ttjonline