Sveaskog’s interim report January–March 2026: Focus on future-proofing in a turbulent world

1 January – 31 March 2026

• Net sales decreased by 9 per cent to MSEK 2,122 (2,325). Timber prices decreased by an average of 7 per cent, while delivery volumes decreased by 2 per cent. Other sales remained unchanged.
• The operating profit decreased by 19 per cent to MSEK 678 (839). The decrease is mainly attributable to lower timber prices. The average prices of deliveries from Sveaskog’s own forest decreased by 8 per cent from the corresponding period of the previous year.
• In addition, a major property deal resulted in a capital gain of SEK 329 million (–42).
• Share of profits of associates amounted to MSEK 4 (11).
• The reported net change in value of biological assets amounted to MSEK 165 (–211).
• Profit for the quarter amounted to MSEK 887 (154), equivalent to SEK 7.49 (1.30) per share.

Comment from Sveaskog’s President and CEO Erik Brandsma: 

- Despite a forest industry characterised by structural transformation and challenging market conditions, we delivered a stable operating profit for the quarter. In conclusion, I can establish that our strategy is working even in challenging times and that our journey of growth is continuing. We continue to build a robust business focused on competitiveness and resilience to meet the challenges of the future.  In parallel, the journey of change linked to coexistence with Sami villages in northern Sweden is continuing. Sveaskog’s ownership rights and the usage rights of Sami who work with reindeer husbandry are continuously being developed through dialogue and action.

- Forests play a key role in efforts to mitigate climate change, and during the quarter we updated our green framework. We continue to work toward sustainable financing, and our framework now also includes the option to allocate funds to renewable energy projects, such as wind and solar power projects. In this way, we are working to create better conditions for green investments and helping to reduce climate impact. The framework is fully aligned with the EU taxonomy and has received the highest rating in a third-party verification. During the quarter, Sveaskog was once again named Sweden’s most sustainable brand in the industry cate gory “forest owners”, according to Europe’s largest brand study on sustainability, the Sustainable Brand Index.

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, 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.