Tag: report

Mikhail Shamolin, President at Segezha Group: “The price levels we have now reached reflect the current global situation”

At present, Segezha Group is the only Russian timber enterprise publicly traded in the stock market. On August 29, the Group submitted the Q2 2023 report and held a conference call with the management team to discuss its...

Volga JSC published its annual report for 2021

The total production volumes of all types of finished products amounted to 306,711 tons, and the share of Volga JSC in the volume of production among Russian paper manufacturers increased to 23%. Despite the fact that in financial...

JSC Volga posted an annual report for 2020

According to the results of the Company’s work in 2020, the EBITDA indicator under IFRS amounted to 1.5 billion rubles. Revenue from product sales – 9.4 billion rubles, net profit – 0.9 billion rubles. In 2020 JSC Volga...

Segezha Group announces FY 2020 IFRS financial results

Segezha Group, a subsidiary of Sistema PJSFC and a leading Russian vertically integrated holding company in the forest industry performing a full cycle of operations from logging to advanced wood processing, announces its audited consolidated financial results prepared...

Norbord reports 2Q 2020 earnings

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...

In 1H 2020, Lesozavod 25 increased the volume of sawmilling by 9% to 965,000 m³

Sawn timber exports increased by 12% YoY to 425,000 m³. Volume of wood pellets production in 1H 2020 increased by 0.9% YoY to 95,000 tons, the volume of production of industrial wood chips increased by 17% YoY to...

Andritz had solid business development in 2Q 2020

The international technology group Andritz reports a largely solid business development for 2Q 2020 taking into consideration the very difficult general economic conditions. While incoming orders fell sharply YoY (-42.2% to € 1.18 billion), sales rose slightly (5.7%...

International Paper reports 2Q 2020 results

International Paper Company IP reported 2Q 2020 net sales declined to $4,866 million in 2Q from the year-ago quarter’s $5,667 million. The reported figure also missed the Zacks Consensus Estimate of $5,124 million. Adjusted cost of sales was...

Germany reports record pellet production in H1 2020

Despite the corona crisis, in 1H 2020, Germany produced 1.502 million tonnes of wood pellets, thus breaking a new record. The German Energy Wood and Pellet Association eV (DEPV) justifies this with the increasing demand for climate-friendly fuel...

Norske Skog revenue declines by almost 14%

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...

Based on the results of 2018, Segezha Group entered the TOP 50 largest Russian companies by corporate transparency rating

According to the rating, Segezha group (AFK ”Sistema”) is ranked 42nd in the corporate transparency rating of the largest Russian companies. Only completeness of the information disclosed by the Russian Regional Network (RRS) for integrated reporting was evaluated...