Segezha Group announces operating and financial results for FY 2021

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 selling prices for the Group’s products.

OIBDA reached RUB 29.3 billion, a 68% increase YoY, driven by the company’s integrated business model, revenue growth, and cost optimization by management. The OIBDA margin increased to 32% (+7 pp YoY).

Net profit totalled RUB 15.2 billion, compared to a net loss of RUB 1.3 billion in the previous year, due to high operating efficiency, growth of revenue and business margins, and FX gains.