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Selskabsmeddelelse

Bergs changes the reporting structure to clarify strategic direction

Bergs Timber
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Bergs’s strategic focus is to increase the proportion of value-added products and thereby create possibilities for steady and good profitability over time. To make that direction clear, Bergs has changed its reporting structure from 1 January 2023.

Doors and windows are a growth area within Bergs and is now reported as a separate segment, Doors & Windows. Value-added wood products is presented in one segment, Wood Solutions, where the product offering is made clear to our customers.
Within Wood Solutions, the focus is to increase the share of special products and coordinate sales, marketing and production between the Group's various subsidiaries. Sawn Wood and Energy & Logistics are reported in accordance with previous segment reporting.

To facilitate comparisons in future financial reporting, Bergs presents restated figures for all quarters in 2022.

The reporting segments are:

  • Wood Solutions includes sales and production of value-added wood products for various applications. The product offering is categorised into the following product areas:
  • Garden & Landscaping
  • Facades
  • Construction
  • Industrial Components
  • Building Systems
The product offering will be marketed under a common brand, "Bitus". The launch will take place in autumn 2023.
  • Doors & Windows includes sales and production of doors and windows.
  • Sawn Wood includes sales and production of sawn products.
  • Energy & Logistics includes sales and production of pellets and fire logs, as well as the port and distribution operations in the UK.

The restated figures according to the new reporting structure are presented in this press release and made available on Bergs’s website.

Segment reporting, quarterly data 2022

 2022
SEK millionQ1Q2Q3Q4Jan-Dec
Net sales9101,0097086403,267
Wood Solutions3654201811211,087
Doors & Windows150156174181661
Sawn Wood3464033042391,292
Energy & Logistics616064102287
Common and elimination-12-30-15-3-60
      
EBITDA821734630331
Wood Solutions-1031-33-26-38
Doors & Windows1917181973
Sawn Wood73116436238
Energy & Logistics816233683
Common and elimination-8-7-5-5-25
      
EBITDA-margin, %9.017.16.54.710.1
Wood Solutions-2.77.4-18,2-21.5-3.5
Doors & Windows12.710.910.310.511.0
Sawn Wood21.128.814.12.518.4
Energy & Logistics13.126.735.935.328.9
      
Operating profit61151236241
Wood Solutions-1625-39-32-62
Doors & Windows1614151459
Sawn Wood6510834-4203
Energy & Logistics311183062
Common and elimination-7-7-5-2-21
      
Operating margin, %6.715.03.20.97.4
Wood Solutions-4.46.0-21.5-26.4-5.7
Doors & Windows10.79.08.67.78.9
Sawn Wood18.826.811.2-1.715.7
Energy & Logistics4.918.328.129.421.6
      

Contacts
Further information can be provided by the CEO, Peter Nilsson, on telephone number +46 70 315 09 27 or CFO, Anders Marklund, on +46 70 284 47 96.

About Bergs - An international wood products Group

The Bergs Group consists of independent subsidiaries, with clear responsibilities for results, that develop, produce and market processed wood for various applications.

With years of experience in wood and a great deal of competence in processing, Bergs promotes building a sustainable society based on renewable raw materials from sustainably cultivated forests in the Baltic Sea region. Operations are conducted in Sweden, Estonia, Latvia, Poland and the UK, and the Group’s products are sold in some 20 countries.

The largest markets consist of Scandinavia, the Baltic countries, the UK and France. The head office and Group management are located in Sweden.

The company’s share has been listed on Nasdaq Stockholm since 1984.

Attachments
Bergs changes the reporting structure to clarify strategic direction

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