Timber Trouble: Sweden’s Major Sawmills Suffer Sales Slump in Q3/2023

"Södra and Setra, Leading Swedish Sawmill Companies, Struggle in Q3 Amidst Global Economic Uncertainties"

Sweden’s major sawmill companies, Södra and Setra, have faced a challenging third quarter due to global economic uncertainties impacting demand and prices. This has resulted in a substantial decline in sales for both companies.

According to the latest financial report released by Södra, their net sales for Q3 2023 amounted to SEK 6,545 million (approximately EUR 562.87 million), representing a 19% decrease compared to the same period last year. Furthermore, the operating profit for the quarter plummeted to SEK 410 million (approximately EUR 35.26 million) from SEK …

John O Mahony

John O Mahony

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