Brief: Bergs Timber Returns To Normal Sawmill Production

Bergs Timber AB (publ)

27/04/2020 10:04

April 27 (Reuters) - Bergs Timber AB (publ)  BRGb.ST :
    * BERGS TIMBER RETURNS TO NORMAL SAWMILL PRODUCTION
    * CLOSURE OF GRANSJÖ SAWMILL HAS PROCEEDED ACCORDING TO PLAN
AND
SAWMILL PRODUCTION WILL CEASE DURING APRIL
    * DEMAND FOR SAWN TIMBER IS GOOD FOR SEVERAL IMPORTANT
MARKETS AND
WE SEE SOME IMPROVEMENT IN ENGLISH MARKET
    * OUR STOCKS ARE IN BALANCE AND ORDER INTAKE HAS IMPROVED
    * ON CORONAVIRUS: LONG-TERM EFFECTS OF ONGOING CORONA CRISIS
REMAIN DIFFICULT TO ASSESS
    * DEMAND FOR WOOD PRODUCTS IS NORMALLY SEASONALLY HIGH
DURING Q2
    * AT OUR SWEDISH SAWMILLS, IMPLEMENTED SHORT-TERM WORK WILL
BE
TERMINATED AND PRODUCTION WILL RETURN TO NORMAL PACE FROM MAY 4,
2020
    * OUR LATVIAN SAWMILL VIKA WOOD HAS NOT BEEN AFFECTED BY
PRODUCTION CURTAILMENTS
    * OUR ESTONIAN SAWMILL HAS PRODUCED IN ONE SHIFT DURING
APRIL AND
RETURNS TO TWO SHIFTS FROM 4 MAY

Source text for Eikon:  ID:nWkr4XjTG0 
Further company coverage:  BRGb.ST 

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