LUMBER PROCESSING NEWS
New Log Max dealer for Finland
Ove Ljungqvist ( on the right in the photo ) will assume the responsability for marketing , support and service of Log Max Harvesting heads and accessories in Finland
For sales and service Ove Ljungqvist Solf Ängsväg 236 64 450 Solf Finland For more information : Lars Strömsund , + 46 70 347 65 74 Ove Ljunqvist , + 358 500 169 037
Setra reports increased earnings and invests in the future
“ We ’ re reporting an operating profit for the first three quarters of SEK 107 million , which is an improvement of SEK 21 million on the previous year . Due to good market conditions , we have been able to increase both selling prices and sales and production volumes for comparable units . Going forward we see continued good demand from our customers and a positive development for the wood products market , both in Sweden and internationally ,” says Hannele Arvonen , President and CEO of Setra .
Disruptions in the freight market for much of the year had a negative impact on earnings . However , the situation improved in the third quarter . The import restrictions that Algeria imposed in the spring have since been partially lifted , so that deliveries will be able
Key figures |
Jul – Sep ( 3 mths ) |
Jan – Sep ( 9 mths ) |
|
2017 |
2016 |
2017 |
2016 |
Net sales , SEKm |
945 |
855 |
3,027 |
3,043 |
Operating profit , SEKm |
17 |
10 |
107 |
86 |
Profit after tax , SEKm |
9 |
3 |
75 |
56 |
Operating margin , % |
1.8 |
1.2 |
3.5 |
2.8 |
Return on operating capital , %, RTM |
|
|
12.2 |
3.8 |
Cash flow , SEKm |
126 |
192 |
222 |
195 |
to begin again to some extent from October .
Setra ’ s Board has decided to invest in a new trim saw with integrated planing machine at Hasselfors sawmill . The new investment , which is expected to deliver major efficiency gains , forms part of Setra ’ s clear strategy to increase the proportion of finished products in response to the growing demand in the global construction market .
Setra has set in motion the sale of its operation in Rolfs , Kalix .
Cash flow from operating activities for the period January – September amounted to SEK 222 million ( 195 ). The Group ’ s financial position is strong even after a dividend of SEK 100 million was paid to shareholders . The Group ’ s financial net debt amounted to SEK 14 million ( 83 ) at the end of the period , which corresponds to a net debt / equity ratio of 1 % ( 6 ).
Hannele Arvonen , Setra ’ s President and CEO
Setra does not publish a complete quarterly report . Figures for the previous year include the operations in Vimmerby which was sold in the beginning of 2017 , as well as the subsidiary Setra Plusshus and the planing operations in Valbo , both of which were sold in the second quarter of 2016 .
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International Forest Industries | OCTOBER / NOVEMBER 2017 15