Segezha Group announces financial and operating results in 1H 2021

Segezha Group (MOEX: SGZH), a leading vertically integrated holding company in the timber industry performing a full cycle of operations from logging to advanced wood processing, announces its operating and interim consolidated IFRS financial results in 1H 2021.

Revenue amounted to RUB 43 billion, a 37% increase YoY, driven by a rebound in global demand and higher average selling prices for the Group’s products. OIBDA reached RUB 13 billion, an increase of 112% YoY, driven by revenue growth and control over key cost items. OIBDA margin increased to 31% (+11 pp YoY).

Net profit was RUB 8 billion, compared to a loss of RUB 2 bn a year earlier, thanks to strong operating performance, growth in revenue and business margins, and the absence of a one-off loss on the revaluation of foreign currency loans last year.