Segezha Group announces financial and operating results for Q3/2023

Segezha Group announces its unaudited consolidated financial results and operating results for Q3 2023. Revenue was up 13% QoQ to RUB 23.9 billion, driven by the increased sales volumes of the Group’s finished products. The weakening of the ruble against major foreign currencies also had a positive impact.

OIBDA stood at RUB 3.0 billion, maintaining the level of Q2 2023, in the face of rising cost of sales and logistics expenses. OIBDA margin came in at 12% (-1 p.p. QoQ).

Net loss shrank by 17% QoQ to RUB 3.2 billion. Debt volume as of 30 September, 2023, remained virtually unchanged compared to 30 June, 2023, at RUB 126.0 billion. Net debt stood at RUB 118.6 billion. CAPEX grew by 31% QoQ to RUB 2.2 billion.