Brief: Bergs Timber Q1 EBITDA Rises TO SEK 65 Million

Bergs Timber AB (publ)

05/05/2021 12:06

May 5 (Reuters) - Bergs Timber AB (publ)  BRGb.ST :
    * GOOD RESULTS AND CONTINUED GOOD MARKET PROSPECTS
    * Q1 NET SALES INCREASED BY 12% TO SEK 593 MILLION (528)
    * Q1 EBITDA AMOUNTED TO SEK 65 MILLION (29), AN INCREASE
PRIMARILY
RELATED TO HIGHER SALES PRICES FOR PRODUCTS IN WOOD PROTECTION
AND SAWN WOOD. EBITDA MARGIN WAS 11.0% (5.5).
    * Q1 EBITDA AMOUNTED TO SEK 65 MILLION (29), AN INCREASE
PRIMARILY
RELATED TO HIGHER SALES PRICES FOR PRODUCTS IN WOOD PROTECTION
AND SAWN WOOD
    * DEMAND FOR OUR PRODUCTS HAS BEEN HEALTHY, AND PRICE
INCREASES
THAT STRENGTHENED OUR MARGINS COULD BE IMPLEMENTED
    * WE JUDGE THIS FAVOURABLE MARKET CONTINUING IN SECOND AND
THIRD
QUARTERS AS WELL
    * ORDER INTAKE FOR OUR PRODUCTS IS STRONG, AND WE ARE
PLANNING TO
FULLY UTILISE CAPACITY
    * INTEREST IN WOOD AS A MATERIAL IS INCREASING AND IS
PROMOTING
CONTINUED POSITIVE MARKET PERFORMANCE FOR OUR PRODUCT AREAS.

Source text for Eikon:  ID:nWkrbwrMBX 
Further company coverage:  BRGb.ST 

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