Sveaskog’s interim report January–June 2026: A Sveaskog focused on long-term, robust operations

1 April – 30 June 2026

• Net sales decreased by 9 per cent to MSEK 2,226 (2,454). Timber prices decreased by an average of 12 per cent, while delivery volumes increased by 2 per cent. Other sales remained unchanged.
• The operating profit decreased by 42 per cent to MSEK 431 (740). The decrease is mainly attributable to lower timber prices. The average prices of deliveries from Sveaskog’s own forest decreased by 14 per cent from the corresponding period of the previous year.
• Share of profits of associates amounted to MSEK 0 (10).
• The reported net change in value of biological assets amounted to MSEK 188 (-262).The difference compared with the previous year is primarily attributable to a change in the valuation method used in the quarterly financial statements, which now takes into account both harvesting and growth.
•  Profit for the quarter amounted to MSEK 483 (334), equivalent to SEK 4.08 (2.82) per share.

1 January – 30 June 2026

• Net sales decreased by 9 per cent to MSEK 4,348 (4,779). Timber prices decreased by an average of 9 per cent, while delivery volumes and other sales remained unchanged.
• The operating profit decreased by 30 per cent to MSEK 1,109 (1,579). The decrease is mainly attributable to lower timber prices. The average prices of deliveries from Sveaskog’s own forest decreased by 11 per cent from the corresponding period of the previous year.  
• In addition, a number of property deals resulted in a capital gain of MSEK 343 (loss: 41).
• Share of profits of associates amounted to MSEK 4 (21).
• The reported net change in value of biological assets amounted to MSEK 353 (-473).The difference compared with the previous year is primarily attributable to a change in the valuation method used in the quarterly financial statements, which now takes into account both harvesting and growth.
•  Profit for the period amounted to MSEK 1,370 (488), equivalent to SEK 11.57 (4.12) per share

Comment from Sveaskog’s President and CEO Erik Brandsma: 

- The result is lower than for the corresponding period last year, reflecting the changed market conditions and a higher cost base. Against this backdrop, the quarter also demonstrates that the measures we have implemented have strengthened our resilience. The efforts of recent years to streamline our operations and improve our efficiency have made Sveaskog better equipped to face a market with falling timber prices and a forest industry undergoing transformation and consolidation.  We will continue to develop and streamline our core business, refocus our other operations, and create opportunities for new business.

- Our role as a strategic resource for Sweden was further strengthened in June, when we signed a letter of intent regarding a planned gunpowder production facility on our land. The initiative demonstrates how Sveaskog, through commercial agreements, can help strengthen both Sweden’s defence capabilities and its industry. Our 43,000 kilometres of forest roads also play an important role in society’s preparedness. 

- Our innovation efforts are progressing well: together with several other forest companies, we are taking the next step in the Swedish AirForestry Pilot Project for autonomous, electric-powered thinning, and our joint-venture, Nordic Forestry Automation, has raised MSEK 48 for global expansion. We are also a partner in Trees For Me, Sweden’s largest initiative in hardwood research. 

- After the end of the reporting period in July, we completed the sale of our shareholding in Sunpine to VAROPreem. We invested in Sunpine in 2008, and it has been a profitable journey. 

For more information, please contact:

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

Adnan Hadziosmanovic, tf 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, our 830 employees work to balance the ecological, economic and social values of forests and land so as to ensure viable forests for the future.