Tag: financial results

RusForest to shift sales from Middle East to Japan and China

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

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

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

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)...

Ilim Timber sales in 2012 reached $710 million, lumber production was 2.28M cu m

St. Petersburg, February 05. Ilim Timber holding announced year-end production and financial results. For the twelve months ended December 31, 2012, Ilim Timber produced 2.56 million cubic meters of wood products. Total lumber production at Ust-Ilimsk sawmill (Irkutsk...

Lumber export from Russia in Q3 2012 grew by 5.7% to 4.9M cu m – WhatWood Analytics

Moscow, January 31. Lumber production in Russia in the third quarter of 2012 amounted to 7.4 million cu m, which is 1.9% higher year-on-year, with export growing by 5.7%, import – by 2%, according to the latest report...

Volga and Turinskiy pulpmills reported increased sales, but declined net profit in January-September 2012

Yekaterinburg-Nizhniy Novgorod, November 30. Large Russian forest industry companies continue to publish quarterly reports. Turinskiy pulpmill (Sverdlovsk region) reported growth of sales by 2.7% year-on-year to 863.6 million Rubles (€21.6 million). Net profit, however, declined by 41.2% down...

Several Russian pulpmills announced falling sales in Jan-Sep 2012

Petrozavodsk-Perm-Chita, November 19. Last week, several pulp and paper mills in Russia published quarterly financial reports announcing falling sales in January-September 2012 year-on-year. Kondopoga mill (Karelia) sales declined 4.25% down to 10.07 billion Rubles (€249.7 million). This large...

Logging in Arkhangelsk region becomes more and more loss-making

Arkhangelsk, November 16. Since 2007, there has been loss-making logging trend in Arkhangelsk region: in five years, net loss grew from 80.1 million Rubles in 2007 (€2 million) to 506.5 million Rubles in 2011 (€12.5 million), as reported...

Baikal pulpmill disclosed 2011 results

Baikal pulpmill (Irkutsk region) has issued its annual report for 2011, being last of the large forest industry companies. The company underlines four enterprises as its competitors: three mills of Ilim Group and Arkhangelsk PPM. The company quotes...