Q4'22 expectations
We expect Bergs to deliver Q4 sales of SEK 686m, down 13% y-o-y. We continue to expect lower demand for Sawn Wood and Wood Protection, as we expect a weaker construction market and a decrease in DIY demand. For Joinery, we forecast growth to resume, albeit at a lower pace than in previous quarters due to a weaker construction market, and we therefore expect Joinery sales to grow 15% y-o-y. However, since products in the Joinery business are mainly composed of high-end windows (only custom-made orders), we expect demand to be hurt less than lower-end window producers. All in all, for the group, we foresee a clean EBITDA of SEK 54m (106m) and a clean EBIT of SEK 33m (85m). Finally, we expect a net profit of SEK 24m (88m).
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