Tag: revenue

In 2023, the revenue from forest use for timber harvesting dropped by 16%

According to Roslesinforg, the revenue from use of forests (across all types) grew by 3% YoY in 2023, reaching 74.4 billion rubles. The largest source of fiscal revenue is using forests for harvesting wood. In 2023, the revenue...

Financial performance of the Russian timber industry began to improve but is still far from the 2021 peaks

Q1 2022 saw the historic high of timber enterprises’ quarterly revenue (740 billion rubles). The financial performance began to deteriorate drastically starting from Q2 2022 as European markets became unavailable. According to an estimate by WhatWood, in 2022,...

Ilim Group posted revenue of over USD 1.26 billion in 1H 2021

In 1H 2021, the Company delivered 1.839 million tons of products. Owing to an extensive upgrade of the Bratsk Mill and rebuild of the softwood pulp line of the Ust-Ilimsk Mill completed in 2020, the Company intends to...

Revenue of Shuyales decreased by 2.7% YoY to 957.426 million rubles in 2020

Profit on sales of one of the largest timber harvesting enterprises in Karelia decreased by 83.2% YoY to 10.775 million rubles in 2020. The company’s net profit for the reporting period fell by 92.5% YoY and totaled 3...

Russian timber business Segezha reports 38% Q3 revenue growth

The revenue of Russian timber products manufacturer Segezha Group showed a year-on-year increase of 38% as of the end of September 2020, according to the company, which is part of Russian conglomerate Sistema. Segezha had a revenue of...

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...

In Q1 2019, Segezha Group’s revenue increased by 19.4% year-on-year to RUB 14.5 billion

OIBDA rose to 82.4% year-on-year and amounted to 4.0 bln RUB, OIBDA Margin was 27.4%, reported company’s press-service. As Mikhail Shamolin, President and Chairman of the Board of Segezha Group, noted, “in Q1 2019, Segezha Group reached a...

Russian forestry key results of 2018 and tasks for 2019

Federal Forestry Agency (Rosleskhoz) held the annual nationwide meeting on Russian forestry on March 27, 2019. According to Rosleskhoz, forest use revenues of the Russian budget in 2018 amounted to 46.0 billion rubles, which is +38% YoY (or 12.6 billion rubles). An...