Brief: Bergs Timber Q1 EBITDA Rises To SEK 82 Million

Bergs Timber AB (publ)

05/05/2022 07:13

May 5 (Reuters) - Bergs Timber AB (publ)  BRGb.ST :
    * Q1 EBITDA SEK 82 MILLION VERSUS SEK 65 MILLION YEAR AGO
    * Q1 NET SALES SEK 910 MILLION VERSUS SEK 593 MILLION YEAR
AGO
    * DESPITE INCREASED UNCERTAINTY, WE CURRENTLY SEE NO
WEAKENING OF
DEMAND FOR OUR PRODUCTS
    * EFFECTS OF INCREASED COSTS ARE LIKELY TO BE OFFSET BY
HIGHER
PRICES.
    * INVENTORY LEVELS ARE VERY LOW AND PRICES ARE RISING
    * AFTER A WEAK DEVELOPMENT IN 2021, WE NOW SEE IMPROVED
MARGINS
FOR OUR PELLET BUSINESS.
    * WE HAVE GRADUALLY COMPENSATED FOR LOSS OF RUSSIAN RAW
MATERIAL
WITH INCREASED DELIVERIES FROM OUR OWN SAWMILL IN ESTONIA

Source text for Eikon:  ID:nWkr3ybBBn 
Further company coverage:  BRGb.ST 

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