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Tag: EBITDA

COVID-19 impacts revenue and earnings of the Lenzing Group in 1H 2020

13 August 2020 ` 10:20  
In 1H 2020, the Lenzing Group faced a historically difficult market environment with increased pressure on prices and volumes resulting from the COVID-19 crisis. As a result, revenue declined by 25.6% from EUR 1.09 billion to EUR 810.2...

Norbord reports 2Q 2020 earnings

10 August 2020 ` 12:12  
Norbord Inc. reported Adjusted EBITDA of $84 million for 2Q 2020 compared to $75 million in 1Q 2020 and $36 million in 2Q 2019. The quarter-over-quarter increase was primarily due to lower manufacturing costs, partially offset by lower...

Norske Skog: demand drop due to corona pandemic

27 July 2020 ` 19:08  
Norske Skog’s EBITDA in 2Q 2020 was NOK 138 million ($14.9 million), a decrease from NOK 379 ($41 million) in 1Q 2020, mainly due to national restrictions on movement of goods and people following the outbreak of the...

Norske Skog revenue declines by almost 14%

19 June 2020 ` 14:13  
Norwegian timber holding company published a report on the results of work in 1 quarter. 2020, Norske Skog revenue declined 13.7%. The company’s revenue for the reporting period amounted to about $ 284.4 million. EBITDA for the first...

UPM: Sales decreased by 15% to EUR 2,287 million in Q1 2020

25 May 2020 ` 17:45  
Sales decreased by 15% to EUR 2,287 million (2,693 million in Q1 2019) due to lower pulp and paper prices and lower deliveries of graphic papers. Comparable EBIT decreased by 26% to EUR 279 million (374 million). UPM...

Trend in revenue decline of major timber industry players

19 May 2020 ` 13:26  
Many forest-industry companies reported that they reduced revenues or reduced EBITDA margin in 2019. Mondi Group reduced revenue by 3% to € 7.268 billion. International Paper reduced revenue by 3.99% to $ 23.376 billion. Russian forest-industry companies also...

RFP Group, the largest company in the Russian Far East, may change of ownership

13 May 2020 ` 18:25  
The main shareholders of the RFP Group Roman Abramovich, Alexander Abramov and Alexander Frolov want to cut their shares in the company, Kommersant reports. This refers to finding a new investor who is ready to acquire an equity...

The wood-based materials manufacturer Egger Group recorded sales of EUR 2.84 billion and adjusted EBITDA of EUR 425.0 million

27 July 2019 ` 23:35  
Egger Group Management is satisfied with the sales of EUR 2,841.5 million achieved in the 2018/2019 financial year (+5.6% compared to the previous year) and the adjusted operating result (EBITDA) of EUR 425.0 million (-4.7% compared to the...

Russian Timber Journal 06-2019: WhatWood interview with President of United Panel Group; downward pricing trend for logs continues; packaging industry: on the way to circular economy; In 2018, China is increasing trade in wood; WhatWood’s statistics of log price index in Russia

Russian Timber Journal 06-2019: WhatWood interview with President of United Panel Group; downward pricing trend for logs continues; packaging industry: on the way to circular economy; In 2018, China is increasing trade in wood; WhatWood’s statistics of log...

Russian Timber Journal 05-2019: WhatWood interview with CEO of Altailes; Causes of dropping prices for Russian plywood; Wood product exports hit by US tariffs; Rosleskhoz supported distant monitoring of forests; WhatWood’s study of Russian forest products exports and imports for 4 years; Sawmill profit margins fell substantially in North America

Russian Timber Journal 05-2019: WhatWood interview with CEO of Altailes; Causes of dropping prices for Russian plywood; Wood product exports hit by US tariffs; Rosleskhoz supported distant monitoring of forests; WhatWood’s study of Russian forest products exports and...