Sveaskog (SVEA) Q1 2026 earnings summary

Executive summary

• Revenue declined 9% year-over-year to 2,122 MSEK, mainly due to a 7% drop in timber prices and a 2% decrease in delivery volumes.

• Operating profit fell 19% to 678 MSEK, primarily from lower timber prices; net profit surged to 887 MSEK, driven by a 329 MSEK capital gain from a major property sale and positive revaluation of biological assets.

• The company is focusing on cost efficiency, strategic divestments, and strengthening its independent market role amid challenging market conditions.

• Sustainability remains a priority, with updated green financing frameworks and continued leadership in biodiversity and climate initiatives.

Financial highlights

• Net sales: 2,122 MSEK (down 9% year-over-year); operating profit: 678 MSEK (down 19%).

• Net profit: 887 MSEK (up from 154 MSEK); EPS: 7.49 SEK (up from 1.30 SEK).

• Cash flow from operations: 565 MSEK (up from 193 MSEK).

• Capital gain from property sales: 329 MSEK (previous year: -42 MSEK).

• Value change in biological assets: 165 MSEK (previous year: -211 MSEK).

Outlook and guidance

• The company continues to focus on cost efficiency and resilience in a volatile market, with ongoing strategic divestments and investments in renewable energy and sustainable forestry.

• No significant events after the reporting period; ongoing property and share sales expected to close in the first half of the year.