Brief: Bergs Timber Q3 EBITDA Rises To SEK 186 Million

Bergs Timber AB (publ)

28/10/2021 12:03

Oct 28 (Reuters) - Bergs Timber AB (publ)  BRGb.ST :
    * INTERIM REPORT 1 JANUARY - 30 SEPTEMBER 2021
    * Q3 HAS DEVELOPED WELL AND WE REPORT AN EBITDA RESULT OF
SEK 186
MILLION, WHICH CAN BE COMPARED WITH SEK 53 MILLION PREVIOUS YEAR
    * Q3 NET SALES DURING Q3 AMOUNTED TO SEK 846 MILLION, AN
INCREASE
OF SEK 328 MILLION COMPARED WITH PREVIOUS YEAR.
    * Q3 NET SALES INCREASED BY 63% TO SEK 846 MILLION (518).
    * STRONG MARKET FOR NEW CONSTRUCTION AND RENOVATION HAS LED
TO
GOOD DEMAND FOR OUR PRODUCTS WITH PRICE INCREASES AS A RESULT
    * AFTER SEVERAL EXCEPTIONALLY GOOD QUARTERS, WE NOW EXPECT A
RETURN TO MORE NORMAL MARGINS.
    * SUPPLY OF RAW MATERIALS FOR PRODUCTION OF WOOD PRODUCTS IS
NOT
EXPECTED TO INCREASE.
    * PRICE ADJUSTMENTS OF SAWN WOOD PRODUCTS WILL HAVE A
NEGATIVE
EFFECT ON PROFITABILITY OF WOOD PROTECTION AND SAWN WOOD IN Q4

Source text for Eikon:  ID:nWkr53Kp2T 
Further company coverage:  BRGb.ST 

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