Report
Benedicte Aass ...
  • Martin Melbye

Bergs Timber - Q2e: sequential improvement

Q2e EBITDA of ~SEK 140m Sawn goods prices up ~15% in Q2, could weaken in H2 Trading at EV/EBITDA 4x for ’22e and 5x for ’23e/’24e
Underlying
Bergs Timber

Bergs Timber publ AB is a Sweden-based company engaged in the production and sale of sawn and processed wood products. Its forest products offering comprises Spruce Wood Products, such as joists, roof truss timbers, spars, laths, panels, tongued and slats, and Pine Wood Products, including furniture, pine fifths, planed duckboards, decking, blockhouses, joists and others. The production is carried out at several sawmill facilities, located in Morlunda, Orrefors and Emmaboda, Sweden, as well as in the timber preservation company Bitus, located in Nybro, Sweden. More than 70% of timber products are exported, primarily to the United Kingdom, the Netherlands, Denmark, the Middle East and North Africa.

Provider
ABG Sundal Collier Sponsored
ABG Sundal Collier Sponsored

ABG Sundal Collier is the independent, Nordic investment banking powerhouse, developed over 30 years, founded on a hard working partnership culture and the ability to attract top talent.

Our strategy is to be an advisor and an intermediary, and the core product offering comprise corporate advisory services, corporate financing services and investor research and brokerage services.

Our corporate advisory team offers access to a broad financial and industrial network and unparalleled transaction experience. We provide financing to corporates through our superior Nordic and international distribution platform, and we are optimally structured for naturally matching trading flows, delivering best execution for clients.

The group employ approx. 250 staff working from the Nordic offices in Norway, Sweden and Denmark and in the offices in the key international markets US, UK and Germany. 


Analysts
Benedicte Aass

Martin Melbye

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