A weak sawn timber market is one of the factors in Holmen Timber recording an operating loss of SKr30m during the third quarter.
For the first nine months, the loss was €95m, due to depreciation/amortisation, start-up costs for the new Braviken sawmill, high raw material prices and a weak market with price pressure.
Production was up slightly to 152,000m³ from the previous quarter, with 403,000m³ produced for the nine months.
Of the 343,000m³ delivered, 127,000m³ was spruce from Braviken. Production at Braviken reached 183,000m³.
However, Holmen’s group operating profits rose significantly to SKr1.57bn, thanks to high prices for newsprint and paperboard.
