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Financial results

Segezha Group announces financial and operating results for 2022

April 3, 2023 ` 20:43  
Segezha Group announces its consolidated audited IFRS financial results and operating results for the 12 months of 2022. Revenue was up 15% YoY to RUB 106.8 billion, driven mostly by the consolidation of the assets of NLHK and...

Russian Timber Journal 02-2023: interview with Yuri Strezhen, CEO at Praktika Group; state support measures for the Russian timber industry affected by the sanctions pressure; China reduced log imports from all the main suppliers in 2022; Vladimir Putin proposed to grant enterprises a deferment on forest area lease payments for unharvested timber; the Government of the Russian Federation increased the maximum amount of compensation for the expenses of timber enterprises for the transportation of their products; in 2022, Russia reduced the volume of logging by 13.5% to 194.6 million m³, according to Roslesinforg; Russian Railways resumed accepting sawn timber for export shipments through Kazakhstan; International Paper reaches agreement to sell ownership interest in Ilim joint venture; Segezha Group may reorient the Segezha West project to new products; the volume of furniture export from Russia dropped by 39% YoY in 2022, down to 29.5 billion rubles; Luzales and Slotex acquire Russian assets of IKEA

Russian Timber Journal 02-2023: Yuri Strezhen, CEO at Praktika Group: “This is a good time to improve the efficiency of both production and administrative processes of enterprises”; support measures mentioned by the business, relevant agencies, regions, the Government...

Segezha Group announces its unaudited consolidated IFRS financial results and operating results for Q1 2022.

June 27, 2022 ` 18:33  
Revenue was up 96% YoY to RUB 35.6 billion, driven by higher sales, higher average selling prices, a positive effect from ruble depreciation and also the effect of consolidation of the assets of Novoeniseisk Wood-Chemical Complex (NLHK) and...

Russian Timber Journal 05-2022: interview with Alexander Shangin, CEO, Vologodskiye Lesopromyshlenniki Group; roaring demand in 2021 caused a consumption/supply imbalance in the Russian MDF/HDF market; Rosleskhoz urges for reduced liability of forest users operating LesEGAIS; plywood production continues to decline in Russia; Valmet’s withdrawal from Russia is progressing; Rehau to withdraw business in Russia

Russian Timber Journal 05-2022: Alexander Shangin, CEO, Vologodskiye Lesopromyshlenniki Group: “Substantial assistance to systemically important federal-level enterprises is currently non-existent”; roaring demand in 2021 caused a consumption/supply imbalance in the Russian MDF/HDF market; Rosleskhoz urges for reduced liability of forest users...

Segezha Group announces operating and financial results for FY 2021

April 1, 2022 ` 14:07  
Segezha Group announces its consolidated audited IFRS financial results and operating results for the 12 months of 2021 (FY 2021). Revenue totalled RUB 92.4 billion, a 34% YoY increase, amid a recovery in global demand and higher average...