Bergs Timber: Somewhat smaller, but much stronger - SEB
The divestment of the Swedish sawmills has reshaped the company On 1 September Bergs divested its Swedish sawmill operations to Vida in order to refocus on its more stable and profitable further processing business and its Baltic sawmill operations. In 2019 the sold operations had sales of SEK 1,150m (36%), adjusted EBITDA of SEK 39m (25%) and an EBITDA margin of 3.4%. The continuing operations had an adjusted EBITDA margin of 5.6%. As a result of the divestment, the company was practically debt free by the end of Q3 (SEK 11m of net debt), which leaves potential to further develop the remaining business both organically and through M&A..