Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  NASDAQ OMX STOCKHOLM  >  Bergs Timber AB (publ)    BRG B   SE0000101297

BERGS TIMBER AB (PUBL)

(BRG B)
  Report
SummaryQuotesChartsNewsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector news

Bergs Timber publ : returns to normal sawmill production

share with twitter share with LinkedIn share with facebook
04/27/2020 | 06:01am EDT

Bergs Timber has previously announced the closure of Gransjö sawmill. Similarly, production as a result of the ongoing corona crisis has been reduced at other Swedish sawmills and at our Estonian sawmill. The closure of Gransjö sawmill has proceeded according to plan and the sawmill production will cease during April.

Demand for sawn timber is good for several important markets and we see some improvement in the English market. Our stocks are in balance and order intake has improved. Demand for wood products is normally seasonally high during the second quarter. At our Swedish sawmills, implemented short-term work will be terminated and production will return to normal pace from May 4. Our Estonian sawmill has produced in one shift during April and returns to two shifts from 4 May. Our Latvian sawmill Vika Wood has not been affected by production curtailments.

- After a decline in the second half of March and during April, we now see that demand is improving and that order intake is increasing until the holiday period. After the production curtailments that have been implemented, we have balanced inventories and it feels positive that we are now returning to normal production levels. The long-term effects of the ongoing corona crisis remain difficult to assess, says Peter Nilsson, President and CEO of Bergs Timber.

­                                 ___________________________________

Further information about this press release can be provided by Bergs Timber's CEO and president Peter Nilsson,+46 703 15 09 27 or CFO Anders Marklund, +46 702 84 47 96.

The information is such that Bergs Timber AB (publ) is required to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, on 27 April 2020 at 11.00 (CEST).

Bergs Timber AB (publ), 556052-2798, Stora Torget 3, SE-598 37 Vimmerby, telephone +46 10 19 98 500. More information about our operations can be found on our web page under the address www.bergstimber.com

https://news.cision.com/bergs-timber-ab/r/bergs-timber-returns-to-normal-sawmill-production,c3097431

https://mb.cision.com/Main/1383/3097431/1236510.pdf

(c) 2020 Cision. All rights reserved., source Press Releases - English


share with twitter share with LinkedIn share with facebook
All news about BERGS TIMBER AB (PUBL)
09/01BERGS TIMBER : completes the sale of its Swedish sawmills
AQ
06/23BERGS TIMBER PUBL : PRESS RELEASE from Annual General Meeting in Bergs Timber AB..
AQ
06/23BERGS TIMBER PUBL : PRESS RELEASE from Annual General Meeting in Bergs Timber AB..
AQ
06/23BERGS TIMBER PUBL : PRESS RELEASE from Annual General Meeting in Bergs Timber AB..
AQ
06/17BERGS TIMBER PUBL : to sell its Swedish sawmills
AQ
05/05BERGS TIMBER PUBL : Interim report Q1 2020
AQ
04/27BERGS TIMBER PUBL : returns to normal sawmill production
AQ
04/08BERGS TIMBER PUBL : Annual Report 2019 published
AQ
04/06BERGS TIMBER PUBL : makes temporary adjustments to their production
AQ
03/30BERGS TIMBER PUBL : restructures the Swedish sawmill business
AQ
More news
Financials
Sales 2020 1 899 M 212 M 212 M
Net income 2020 69,0 M 7,71 M 7,71 M
Net Debt 2020 236 M 26,4 M 26,4 M
P/E ratio 2020 12,9x
Yield 2020 3,89%
Capitalization 891 M 101 M 99,6 M
EV / Sales 2020 0,59x
EV / Sales 2021 0,53x
Nbr of Employees 1 000
Free-Float 21,5%
Chart BERGS TIMBER AB (PUBL)
Duration : Period :
Bergs Timber AB (publ) Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends BERGS TIMBER AB (PUBL)
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Income Statement Evolution
Consensus
 
Mean consensus -
Number of Analysts 1
Average target price
Last Close Price 2,57 
Spread / Highest target -
Spread / Average Target -
Spread / Lowest Target -
EPS Revisions
Managers
NameTitle
Peter Olof Nilsson President & Chief Executive Officer
Michael Bertorp Chairman
Jan Liljegren Chief Operating Officer
Anders Marklund Chief Financial Officer
Reino Thapper Director
Sector and Competitors
1st jan.Capitalization (M$)
BERGS TIMBER AB (PUBL)0.78%101
LOUISIANA-PACIFIC CORPORATION-5.97%3 133
NORBORD INC.20.73%2 540
DURATEX S.A.18.54%2 386
STELLA-JONES INC.15.30%2 193
CORTICEIRA AMORIM, SGPS, S.A.-13.27%1 532