Segezha Group announces IFRS results for Q1 2020

The Company’s revenue dropped by 1.1% to RUB 14.3bn. OIBDA in Q1 2020 is down 33.6% YoY to RUB 2.6bn.

The key factor that had a negative impact on the Group’s financial results is the decrease in paper prices. It should be noted that the results of Q1 2019 with an OIBDA margin of 27% were the highest in the Company’s history and were associated with record-high prices in global forest industry markets throughout 2018 and at the beginning of 2019.