High price levels have helped Setra achieve record results in 2007, with operating profit up by SKr514m year-on-year.
Setra announced net sales of SKr6.1bn during the year, with operating profit reaching SKr771m.
This was based on a “strong business climate” and “high price levels” according to president and chief executive officer Kent Torwald, who added that 2008 would ” develop in a positive direction”.
“The 2007 operating profit of Skr771m is the best result the group has reported since it was formed in autumn 2003,” said Mr Torwald.
“In a long-term perspective, the wood products market will develop in a positive direction. In particular, environmental and climate-related issues and concerns will lead to an increase in the use of wood.”
Setra recently announced an increase in its shareholding of Swedish timber building manufacturer Plusshus from 15% to 51%.
