Brief: Bergs Timber Q4 Operating Result Swings To Loss SEK 22 Mln

Bergs Timber AB (publ)

05/02/2020 12:21

Feb 5 (Reuters) - Bergs Timber AB (publ)  BRGb.ST :
    * YEAR-END REPORT FOR BERGS TIMBER AB (PUBL) 1 JANUARY 2019
- 31
DECEMBER 2019
    * DISAPPOINTING Q4 BUT A MORE BALANCED MARKET SEEMS TO
SURFACE
    * Q4 PROFIT AFTER TAX WAS SEK -32 (48) MILLION
    * Q4 OPERATING PROFIT AMOUNTED TO SEK -22 (49) MILLION
    * Q4 NET SALES SEK 687 MILLION  VERSUS SEK 772 MILLION YEAR
AGO
    * BOARD PROPOSES A DIVIDEND OF SEK 0.04 (0.10) PER SHARE,
CORRESPONDING TO SEK 14 MILLION
    * PRICES FOR SAWN TIMBER HAS CONTINUED TO FALL DURING 2019
AND HAS
FOR Q4 REACHED UNPROFITABLE LEVELS FOR MOST SAWMILLS
    * CONSEQUENCE OF IMPROVED MARKET BALANCE SOME PRICE
INCREASES HAVE
BEEN RECORDED FOR DELIVERIES DURING BEGINNING OF 2020
    * NEW SUSTAINABILITY PLAN WILL BE LAUNCHED TOGETHER WITH
ANNUAL
REPORT FOR 2019

Source text for Eikon:  ID:nWkr5MRnLV 
Further company coverage:  BRGb.ST 

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