The operating loss of the Q3 amounts to SEK -22 million (€2 million) which is SEK 76 million (€7 million) less than in the reference period of 2018. "The poorer results are mainly attributable to lower sales prices in combination with higher wood prices and lower production volumes. There is still a high degree of uncertainty regarding the market trend in the next quarter," says Anders Nordmark, acting CEO of Setra.
Completion of the CLT project in Långshyttan is scheduled for the H1 of 2020, and the sawing and planing line in Hasselfors for the H2 of 2020. The construction of the company's first pyrolysis oil production at the Kastet site will commence in the fall and is expected to go into operation in 2021. "We’ve chosen to focus on the production of bio-oil from sawdust, which is used in the production of biofuels," Nordmark explains.
