Setra saw its third quarter operating profits grow to SKr220m from SKr39m a year ago.
But the company reported that an over-supply of whitewood on the market meant it would scale back production of the species in the fourth quarter.
Net sales during the quarter totalled SKr1.35bn, up from SKr1.28bn, while net sales for the January to September period were up to SKr4.6bn from SKr4.2bn.
“The operating margin for the quarter remained at an historicaly high level of 16.2%,” said CEO and president Kent Torwald.
“Our assessment is, however, that margins will decrease in the coming quarter.”
Setra said price pressure on whitewood products continued in the third quarter and may have a negative impact on redwood products.
During the quarter, Setra invested SKr220m in the Hasselfors sawmill, including a new integrated planing mill – a key part of the group’s long-term focus on increased value-added processing.
