17 July 2025 kl 14:30

Sveaskog’s interim report January–June 2025: Strong improvement in operating profit from continuing operations

Operating profit increased by 48 per cent and amounted to MSEK 740 (500). The improvement in earnings is mainly attributable to higher timber prices. The average prices of deliveries from Sveaskog’s own forest increased by 28 per cent over the corresponding period of the previous year.

1 April – 30 June 2025

Net sales increased by 10 per cent to MSEK 2,454 (2,224). Timber prices increased by an average of 16 per cent, while delivery volumes decreased by 7 per cent. Other sales increased by 1 per cent.
Operating profit increased by 48 per cent and amounted to MSEK 740 (500). The improvement in earnings is mainly attributable to higher timber prices. The average prices of deliveries from Sveaskog’s own forest increased by 28 per cent over the corresponding period of the previous year.
Share of profits of associates amounted to MSEK 10 (5). The sale of shares in Setra Group AB to Mellanskog AB was completed during the quarter.
The reported net change in value of biological assets amounted to MSEK -262 (168). The decrease is mainly due to changes in valuation methods implemented in connection with the 2024 year-end financial statements.
Profit for the quarter amounted to MSEK 334 (524), equivalent to SEK 2.82 (4.43) per share.

1 January – 30 June 2025

Net sales increased by 9 per cent to MSEK 4,779 (4,394). Timber prices increased by an average of 15 per cent, while delivery volumes decreased by 7 per cent. Other sales increased by 1 per cent.
Operating profit increased by 45 per cent and amounted to MSEK 1,579 (1,092). The improvement in earnings is mainly attributable to higher timber prices. The average prices of deliveries from Sveaskog’s own forest increased by 26 per cent over the corresponding period of the previous year.
Share of profits of associates amounted to MSEK 21 (-32). The sale of shares in Setra Group AB to Mellanskog AB was completed during the second quarter.
The reported net change in value of biological assets amounted to MSEK -473 (199). The decrease is mainly due to changes in valuation methods implemented in connection with the 2024 year-end financial statements.
Profit for the period amounted to MSEK 488 (924), equivalent to SEK 4.12 (7.80) per share.

Comment from Sveaskog’s President and CEO Erik Brandsma:

“At the beginning of the year, Göta Kanalbolag took over as the new owner of Hjälmare Canal and the sale of our share in Setra Group AB to Mellanskog was completed in the spring. The sale of Setra is part of our long-term strategy to be a responsible forest owner and independent market player, without vested interests in the forest industry. We can now manage and use the forest with a focus on sustainability and value creation.

“We have a very exciting period ahead of us with a focus on creating a robust and future-proof business. We continue to prioritise our own forestry, our seed and seedling business, a developed timber purchasing business and transparency in our role as an independent market player.”