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WhatWood Financial results Segezha Group announces operating and financial results for FY 2021

Segezha Group announces operating and financial results for FY 2021

1 April 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 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.

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