Sveaskog’s interim report January–March 2025: Properly positioned to face an increasingly changing world

1 January – 31 March 2025

• Net sales increased by 7 per cent to MSEK 2,325 (2,170).Timber prices increased by an average of 14 per cent, while delivery volumes decreased by 8 per cent. Other sales increased by 2 per cent.

• Operating profit increased by 41 per cent and amounted to MSEK 839 (593). The improvement in earnings is mainly attributable to higher timber prices. The average prices of deliveries from Sveaskog’s own forest increased by 23 per cent over the corresponding period of the previous year.

• Impairment of the value of the associates, regarding the sale of the holding in Setra Group, is charged to profit in an amount of MSEK 235.

• Share of profits of associates amounted to MSEK 11 (loss: 37).

• The reported net change in value of biological assets amounted to MSEK -211 (31). The decrease is mainly due to changes in valuation assumptions.

• Profit for the quarter after Profit/loss from operations held for sale/dividend amounted to MSEK 154 (402), equivalent to SEK 1.30 (3.40) per share.

Comment from Sveaskog’s President and CEO Erik Brandsma:

- During the quarter, demand for timber and pulpwood has been good, while interest in the biofuel range has declined. The timber, pulp and energy wood markets still show relatively high prices and wood products are currently excluded from US tariffs.

In an EU that increasingly focuses on defence capacity, competitiveness and self-sufficiency, Sweden also needs access to natural resources and Sveaskog plays an important role as a responsible forest owner and a strong, independent market player.  We are therefore focusing on a robust business for greater competitiveness and the development of value from forests and land and how our green carbon atoms do the most good for the ongoing climate transition.

For more information, please contact:

Erik Brandsma, President and CEO, +46 (0)10-471 81 50

Claes Rasmuson, CFO, +46 (0)10–471 80 20

Sveaskog Press Service, +46 (0)8 655 90 50, press@sveaskog.se

Sveaskog, a state-owned company, is the largest forest owner in Sweden. Our mission is to create value from our forests and land through responsible and long-term management, while contributing to the achievement of Sweden's national environmental and climate goals and the global goals of Agenda 2030. Every day, more than 800 employees work to balance the ecological, economic and social values of forests and land so as to ensure viable forests for the future.