Setra has reported an operating profit of SEK 564 million (USD 55 million, previous quarter: SEK 442 million) for the second quarter of 2022. Net sales totalled SEK 1,792 million (USD 175 million, previous quarter: SEK 1,529 million).

“Delivery volumes and prices remained at a good level during the second quarter. The effects of the Russian sanctions only had a limited impact on the supply of wood products in Q2, although the effects are likely to be more pronounced in Q3. Uncertainty about the direction of the economy is creating a cautious market as we move towards the autumn,” says Katarina Levin, Setra’s CEO.

The outlook for Setra’s long-term development, and the future for wood more generally, remains positive, but there is some uncertainty in the short term, with the security situation in Europe, the global economy post-pandemic and Russia’s invasion of Ukraine affecting the global wood products market, driving up costs and causing turbulence in the logistics industry.