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Tag: financial results

Segezha Group announces financial and operating results in 1H 2021

27 August 2021 ` 11:47  
Segezha Group (MOEX: SGZH), a leading vertically integrated holding company in the timber industry performing a full cycle of operations from logging to advanced wood processing, announces its operating and interim consolidated IFRS financial results in 1H 2021....

Segezha Group announces IFRS results for Q1 2020

10 June 2020 ` 17:41  
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...

Russian Timber Journal 07-2018: WhatWood interview with Ali Kiliç, General Director of Kastamonu in Russia; the minimum growth rate of sawnwood exports from Russia in the last seven years; and sawn softwood exports from Russia to China, Japan, Europe by producers

3 August 2018 ` 15:32  
The devaluation of the ruble has led to a deplorable state of the already unsteady economy in our country. However, the reliance on import substitution stimulates domestic enterprises not to stop in development. And while large companies continue...

Global Trends Review, October 28 – November 03, 2013: lumber market oversaturation in Japan to end in Q2 2014; companies publish Q3 results

7 November 2013 ` 03:14  
Scandinavian woodworking companies report improving market conditions, higher selling prices and lower raw material costs. Their North American colleagues also publish very positive results, despite lumber prices falling back from Q2, TTJ reported. Setra’s UK sawn timber sales...

WhatWood: Russia’s forest industry Top 100 profit margin declined to 1.38% in 2012

In 2012, joint net sales of the 100 largest Russian forest industry companies that participated in the WhatWood rating declined by 0.87% to RUR 279.68 billion. Joint net profit of 94 companies of the rating who disclosed this...

Capital investments into Russian forest industry fell 17.4% in 1Q 2013

18 July 2013 ` 05:25  
Volume of capital investments into Russian forest industry in the first quarter of the year shrank by 17.4% to RUR 20.5 billion. In the pulp & paper sector, Irkutsk region was the leader. Here, large project of Ilim...

RusForest managed to increase revenue and average lumber prices in Q1 2013

6 June 2013 ` 05:20  
RusForest, a Swedish forestry company with operations in Russia, released its first quarter 2013 interim report. Revenue increased by 43% to SEK 156.9 million (€18.26 million), net profit after the bond restructuring amounted to SEK 188.1 million (€21.89...

RusForest to shift sales from Middle East to Japan and China

1 May 2013 ` 02:59  
Rusforest Group issued annual report for 2012. Company’s total turnover for 2012 amounted to SEK 564.3 million ($85.5 million) compared to SEK 409.4 million ($62 million) in 2011. These results were affected by the inclusion of income and...

Global Trends Review, April 22-28, 2013: Challenging conditions for Nordic producers; market forces restructurings

30 April 2013 ` 18:28  
The largest Scandinavian companies posted not very cheerful Q1 results. Setra’s net loss was SEK 27 million, which is on par with Q1 2012 levels. Sales decreased slightly. According to company’s CEO Stefan Lundin, strengthening Swedish krona had...

UPM: Plywood market in 2012 was tough on strong competition from Latin America and Russia

10 April 2013 ` 06:30  
Helsinki, April 10. Sales of UPM in 2012 reached €10.44 billion, which is 4% higher on-year. However, operating profit of the company declined by 22% to €530 million, as reported in the annual report of UPM. Log prices...

Russian forest industry revenue increased by 6.5% to €18.46 billion in 2012

Russian forest industry earned 733.6 billion Rubles (€18.46 billion) in 2012, which is 6.5% higher than in 2011, as said in the annual report published by WhatWood analytic department. Sales profit amounted to 52.88 billion Rubles, which is...

Mondi Group’s revenue in 2012 reached €5.8 billion; demand in Russia was down after strong 2011

21 February 2013 ` 19:27  
London/Johannesburg, February 21. Revenue of Mondi Group in 2012 amounted to €5.8 billion, compared to €5.74 billion a year ago, the company said in its full-year report. “Continued strong profitability resulted in a return on capital employed (ROCE)...