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Companies in the timber industry / Forestry / Sawmilling / Wood construction / Asia & Middle East / Europe
January 27, 2014

Setra sees strong earnings improvement

Setra sees strong earnings improvement
Setra reports an operating profit for 2013 of SEK 107 million (EUR 12,1 million) as compared to SEK -80 million in 2012  (EUR 9,09 million), an earnings improvement of SEK 187 million (EUR 21,2 million) over 2012. Net sales for the full year were unchanged and amounted to SEK 4,068 million (EUR 462 million).  I am pleased to note that the positive earnings trend shown by Setra during the year continued in the fourth quarter with a reported operating profit of SEK 47 million, says Hannele Arvonen, President and CEO of Setra.   ...

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