Segezha Group shared its IFRS financial performance in 2024

In 2024, Segezha Group’s consolidated revenue grew by 15% YoY, up to 101.9 billion rubles. The woodworking segment contributed the most to this result (46.3 billion rubles, +14% YoY). The OIBDA indicator was on an upward trend for the first time in two years, having increased by 7.8%, to 10 billion rubles.

The net loss over the year surged by one third, up to 22.3 billion rubles. The net debt was 147.8 billion rubles as of December 31, 2024. The Group’s capital expenditure (net of M&A) was 7.2 billion rubles in 2024, having reduced by 7% YoY.

The production and timber harvesting in 2024 were as follows: 8.6 million m³ of roundwood (+18% YoY); 360,000 t of paper (+12% YoY); 2.3 million m³ of sawn timber (+10% YoY); and 183,000 m³ of birch plywood (+6% YoY).