Q1'23 results
Bergs had sales of SEK 715m (ABGSCe SEK 624m) and EBITDA of SEK 6m (ABGSCe SEK 11m). Both Wood Solutions and Sawn Wood saw stronger sales, at SEK 214m and 248m, respectively, but with a lower EBITDA contribution than we had expected. Wood Solutions had EBITDA of SEK -22m compared to our expectation of SEK -18m, while Sawn Wood had EBITDA of SEK -3m, slightly below our forecast of SEK 1m. Doors & Windows saw strong growth of 25% (we had expected 10%), which resulted in sales of SEK 188m and EBITDA of SEK 21m. In total, Bergs reported a net profit of SEK -18m.
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